Recruit Deal
170% to 220%
Upfront payment: 90% to 120% cash
Hightower equity: 80% to 100% of production (in private equity)
Hightower equity: 80% to 100% of production (in private equity)
| Selective Employee | Exclusive Membership | |
|---|---|---|
| Relationship to HighTower | HighTower employee, full benefits, etc. | Independent business owner |
| Autonomy & Control (ADV) | Hightower | HT ADV or Advisor’s own ADV |
| Up-front Cash (note) | 90% – 120% production | none |
| Up-front HT Equity | 80% – 100% production | none |
| Cash Comp/Payout post vest | 45% – 55% revenue (W2) | 80% – 85% revenue payout |
| Start-up loan | unnecessary | Yes |
| Business services** | 100% services | Core business services; Advisor augments |