Getting the best deal on the Street is not just about moving at your highest T-12. It is about hitting all the deal factors at the right time. Here we take a look at what those factors are and how they result in the biggest deal at the best firm.
- Understand Deferred: Deferred is earned income that is vested or paid at another date. It’s not a bonus or contract, and it is certainly not retention money vested in the future.
- RIAs are Less Risky: Brokers seeking independece are choosing to “tuck in” to existing RIAs rather than creating their own infrastructures and putting their own capital at risk..
- Assets are King: Firms are almost exclusively doing deals on assets, not revenues.
- Garden Leave Strategy: Administrative Staff can join a new firm without restrictions before you move.