Recruit Deal
(Note: Offer closes to new candidates as of June 1, Revised deal has not been announced)
225% to 275%
Upfront payment: 150% to 175%
Back-End PAYMENT**:
**Excludes qualified non-qualified retirement assets
Transfer 65% of assets within six months to receive 25% bonus
Year 1: Hurdle – 75% of assets
Payout bonus: 50% of production (from same year)
Year 2: Hurdle – 95% of assets
Payout bonus: 40% of production (from same year)
Year 3: Hurdle – 115% of assets
Payout bonus: 30% of production (from same year)
Year 4: Hurdle – 125% of assets
Payout bonus: 25% of production (from same year)
Year 5: Hurdle – 155% of assets
Payout bonus: 25% of production (from same year)
PTA PROGRAM
Professional Transitional Advisors applies to new recruits with 3-10 years Length of Service
Includes three-year salary guarantee to supplement income during the transition plus a portion of grid-based compensation.