Statistics Related to Broker Recruiting Are Encouraging

Posted on December 5th, 2013 at 2:00 PM

According to Mark Elzweig, a broker recruiter, advisors “are still in the driver’s seat.”  Here is what he says, as of the end of October, to justify that conclusion:


  • Wirehouse firms are paying upfront money of 100% to 150% Trailing-12. The total package provided ranges from 200% to 300%, with the length of the forgivable loan (promissory note) being 9 to10 years. At most wirehouses, the welcome mat comes out at $500,000 in gross production.


  • High end boutiques pay upfront money of 100% to 125%. The total package provided is from 125% to 200%, with the length of the forgivable loan being 7 to 9 years.


  • Regional firms pay upfront money of 80% to 100%. The total package provided by them is from 80% to 200%, with the length of the forgivable loan being 7 to 9 years.  Mark Elzweig reports that the $300,000 plus producer will find a comfortable home here.


  • Independent firms pay 10% to 60% upfront and offer 120% total packages with the length of the forgivable loan being 3 to 8 years. 

Related Attorneys: James J. Eccleston


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Thank You from the bottom of our hearts for all you have done for us. When we realized this was a very bad investment - we did not know where to turn for help. Then we received your name. When we called you - you were so kind to us and then agreed to help us. For this we are so very grateful. The world would be a much nicer place if there were more people like the two of you in it. We will always remember all the help and kindness you have shown us. Thank you so very very much for everything.

Wayne and Judy S.


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