Cobra!
I have the information you need. I am a recruiting specialist with my firm, and have plenty of industry experience. Feel free to drop me a line at [email protected], and remember that confidentiality is very important to us!

In fact, anyone who wishes may drop me a line at the above e-mail address. I am protecting myself by setting up a g-mail address instead of giving out my normal company email.

To anyone who has thought about performing due diligence, searching around for options: A recruiter is your BEST FRIEND. Recruiters have the inside track on the industry. We know what kind of deals are going on and we add a lot of value and leverage to the entire process.

Whatever you do, don’t think about approaching another firm on your own. It is nearly impossible to negotiate for a better deal and, let me tell you from experience, if you go to them yourself they will almost certainly try to low ball your transition package.

Far from a piker recruiter.

Our firm’s average placement has a production of 1.17M

I can’t give out my company email address on a forum, man. You should know that.

My director says you’re an idiot.

You sound like you should be on some sort of electronic gaming forum for children. Move on, buddy. Are you upset that your production is down 30% or something? Maybe YOU sir, are the piker.

Then what’s your deal, bud?

Tell ya what… i usually don’t work with mouse houses, but I can hook you up with Stratton Oakmont… I bet they’d give you something like 20% on a 10 year contract.

[quote=cobra]Does anybody have a feel what kind of general recruiting package MS is offering these days for a transfer of an entire office of five brokers to their firm?[/quote]

I’ll just answer your question directly.

Morgan Stanley and UBS are currently the highest payers out there right now. For a team of 5, and I’m assuming you all do atleast 5M in production… you could very well see 250% + right now. HOWEVER, these numbers WILL be coming down beginning '09.

Expect trans. packages to be hovering around 150% come July.

The biggest deal we’ve negotiated lately was 260%, for a team of 3 doing 3.5M.
It was structured as so:

150% cash up front
50% cash when 50% of their book come over
30% when 75% came over
30% when 100% came over

260% total CASH deal
9 year commitment.

We have heard from Smith Barney that they will be cutting their retention packages in half come '09. We are also hearing the sames thing from MS and UBS.

My advice? Get on the bandwagon NOW before it’s too late to lock in an ultra lucrative deal.

If you have a recruiter, great. If not, drop me a line at [email protected]

And again, there are OBVIOUS reasons why I am using a proxy email account. I don’t need a BM on a power trip sending me any harassing e-mails.

[quote=Ferris Bueller]

Ok, I completely understand. I invaded a space reserved for FA’s and, although my intention was to be helpful ( i was going to answer the guy’s question, not hound him) it was obviously misconstrued.

Yes, recruiting is my business so obviously it’s going to be the main topic I discuss.

I did.

The retention pakcage for WF/Wach is most likely going to be: zip. nada.

I’m not saying this as a recruiter either.

Ferris, actually, it's good to get feedback from recruiters on this forum.  We all sit around asking each other what the deals are out there.  Sort of stupid. 

The pikers are the guys coming on here selling mortgages and call lists.

[quote=Ferris Bueller][quote=SuperRecruiter]

What about a 14 month president club level producer. I’ve had a great offer from MS but the new payout at AGE/WB is going to be pretty darn good. What can you do for a guy like me?

After doing some research MS starting to look pretty good.  They are not owned by a bank.  They are one of two premier national brokeraged in the U.S.  They seem to be very agressive in recruiting if you fit a profile and a market they want to grow in.

They may not be owned by a bank, but I hope your Chinese isn’t too rusty - it just might come in handy.

Mitsubishi is “japanese” not chinese.

Thanks for the correction, Broker Fee.  Trying to keep up with all the who is buying who is getting really challenging!  Hell, talking with some of my former AGE buddies it sounds like it’s hard to keep up with who is buying YOU even when you’re part of it!

FWIW, my recollection is before this recent Mitsubishi (try spelling THAT without looking it up!) purchase, MS earlier sold what at the time was almost 10% of the firm to China’s sovereign wealth fund for something like $5 B.

So maybe a smattering of BOTH Japanese AND Chinese might be in order for our MS brethren!