Are You a Wirehouse Broker Thinking of Independence? Consider What You Owe

By James J. Green
Source: AdvisorOne

 

It’s one thing for a wirehouse broker to reap the benefits of independence, including bigger payouts at independent BDs or 100% “payouts” if you become an RIA. But in a new whitepaper, securities attorney Patrick Burns warns such brokers not to overlook the obligations they may have under recruitment or retention packages they signed with their old brokerage firms.

 

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