In remarks made at the company’s Analyst & Investor Day conference this week, Raymond James CEO Paul Reilly sent up a signal that the days of oversized transition packages may be coming to an end.
As reported by AdvisorHub, Reilly expressed the opinion that broker recruiting bonuses “could follow the stock market into a downturn”
If that’s the case (and a big paycheck was at the top of the list of reasons you want to move to a new BD) you’d better strike while the iron is hot.
For the past few years deals from some firms have been off-the-charts. The bear market certainly played a big role as assets brought in seemingly had limitless potential.
No one has taken their deals off of the table yet, but how long will that last?
If you’ve been curious about what a transition package may look like for you, 3xEquity can help you secure multiple offers all while you remain 100% anonymous.
Complete the form below to get started – and if you believe the words of Paul Reilly – hurry!