Our ranking of five suns continues for the 14th month in a row.
Firms are emerging from the pandemic laser-focused on their recruiting efforts to compete for scarce advisor talent. Several firms have stepped up their recruiting packages to ensure that they can successfully battle their rivals.
High End Boutiques: Upfront can range from 150% to 175% with total packages exceeding 300% for growing $2 million+ teams.
Wirehouses: Deals for top performers can exceed 300%. Upfront money can range from 150% to more than 180%.
Regional Firms: Packages can range from 165% to north of 300%. As much as 170% upfront is possible for top performers.
Independent Broker Dealers: Upfront typically ranges from 20% to 50%. There are lucrative AUM-based deals as well.
RIAs: There are RIA options that offer 50% upfront but AUM-based deals are more typical. Custodians can offer funds to pay for a variety of business expenses.
