Turbulent markets and recession fears have thus far failed to put a dent in the advisor recruiting market. Firms of all stripes are committed to upgrading and expanding their wealth management operations and are paying up to do so.
The entrance into the marketplace of high-end boutiques and multi-custodial RIAs backed by private equity has expanded the opportunity set for successful advisors .
High End Boutiques: Deals can range from 150% to 200% upfront with packages in excess of 300%.
Wirehouses: Upfront money can range from 150% to 180% with total recruiting packages exceeding 300%.
Regional Firms: Upfront money can go up to 170% with packages over 300%.
Independent Broker Dealers: Upfront can range from 30% to more than 100% of trailing 12.
RIAs: Multi-custodial RIAs can offer 40% to more than 100% upfront with opportunities for equity participation.
