English: Crowd gathering on Wall Street after the stock market crash of October 1929. (Photo credit: Wikipedia)
By Ashley Lau – Brokerages saw top advisers depart in droves last year and shift $132.5 billion in client assets with them, a Reuters tally shows, creating headaches for some Wall Street banks.
Signing bonuses for top advisers are now around 350 percent of the broker’s annual revenue, with 180 to 200 percent offered upfront, said Tom Lewis, a New Jersey-based lawyer for Stark & Stark. An adviser who generates about $1 million in annual revenue might receive as much as $2 million on day one from a rival firm. more> http://tinyurl.com/bhunzyf
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