There’s a real sense in the wirehouses right now that with top-line transition packages trending at above 3 years production at the very high end, this is a chance in a lifetime for every advisor to call a recruiter, take the check, and retire three years early.
If those advisors were their own clients, we’d call that a case of letting short-term emotion -- pure greed -- interfere with long-term rationality.
Don’t get me wrong. I’m a real supporter of every advisor taking his or her talents to a business environment that rewards those talents
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