*Updated Nov. 22
Upfront payment: UP to 150% T-12 PRODUCTION**
-Cash with a 9-Year Term, Offered to “Franchise” Producers
BACK END PAYMENT: 100% T-12
-Based on asset targets, excluding qualified retirement assets.
Deferred: Negotiable, Generally between 10% and 30%
**As of November 3, Morgan Stanley is no longer a member of the Protocol for Broker Recruiting.