Current Morgan Stanley Recruitment Deal

Posted on December 27th, 2016 at 10:45 AM
Current Morgan Stanley Recruitment Deal

From the Desk of Jim Eccleston at Eccleston Law LLC:

Morgan Stanley has marketed a recruitment deal to financial advisors which consists of an upfront cash payment between 100% and 175% with a 9 year term in place. The hurdles in order to meet back-end production goals under the deal are:

    YEAR 1: HURDLE – 70% OF ASSETS AND 70% OF PRODUCTION                         

    Payout bonus: 20% on production and 20% on Asset Bonus (Both or either one can be earned)

    (T12 based on the 12 best months in the first 14 months)                                                              

    YEAR 2: HURDLE – 85% OF ASSETS AND 85% OF PRODUCTION            

    Payout bonus: 20% on production and 15% on assets

    YEAR 3: HURDLE – 100% OF ASSETS AND PRODUCTION  

    Payout bonus: 20% on production and 15% on assets

    YEAR 4: HURDLE – 125% OF ASSETS AND PRODUCTION  

    Payout bonus: 25% of production and 15% on assets

    YEAR 5: HURDLE – 150% OF ASSETS AND PRODUCTION

    Payout bonus: 25% of production and 15% on assets                                                                      

 

All proposed deals are negotiable and reflected in numerous agreements such as promissory note and employment agreements. Reps should retain qualified legal counsel to review those documents. 

The attorneys of Eccleston Law LLC represent investors and advisers nationwide in securities and employment matters. The securities lawyers at Eccleston Law also practice a variety of other areas of securities for financial advisors including broker litigation & arbitrationtransition contract reviewemployment mattersFINRA defense , and much more. Our attorneys draw on a combined experience of nearly 65 years in delivering the highest quality legal services. If you are in need of legal services, contact us to schedule a one-on-one consultation today.  

 

Related Attorneys: James J. Eccleston

Tags: Eccleston, Eccleston Law, Eccleston Law LLC, James Eccleston, Morgan Stanely, recruitment deal, financial advisors, deals, promissory note, employment agreements,

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Thank you for your professional assistance with this matter. You are very good at what you do.

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