Steward Partners Attracts Reps
From the Desk of Jim Eccleston at Eccleston Law LLC:
Steward Partners is an employee-owned, independent partnership associated with Raymond James. Steward Partners’ association with Raymond James allows it to use the firm’s platform and technology in its daily operations.
Although there is a unique appeal for reps to be supported by Raymond James and also have certain autonomy to do business, there are also downsides to this type of model. For example, Steward Partners is not an RIA and some reps joining the firm are likely to deal with certain issues such as partnership dilution.
Steward Partners’ recruitment deal to reps consists of an upfront cash payment up to 100% and up to 100% in equity. 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 in advance of committing to transition to a new firm.
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 investors including Securities Fraud, Unauthorized Trading, Breach of Fiduciary Duty, Retirement Planning Negligence, 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
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