A Primer on
Retention Packages
Retention packages are pools of money that major Wall Street firms are quietly paying to key Advisors to keep them in their chairs -- producing revenue and ---importantly -- not leaving. Right now, these are one offs -- but clear patterns have emerged. The Advisors who are obtaining these packages are arming themselves with specific data on who at their firm received them, how much was obtained and who at the firm it came from. Essentially, knowledge is power in these negotiations. It is neither an easy process nor a difficult one. It is a campaign -- a friendly negotiation -- with a beginning, middle and end. We have been involved in over 25 of these transactions from a half dozen major firms, plus negotiations where M&A was at play. In Retention, you get what you negotiate.
The process is extremely strategic but the timing on the Street is exactly right. This is primarily due to the arbitrage that exists in having to replace your business if you departed. As of this writing, that is roughly a 4:1 ratio, enough that firms will do what they have to do in order to retain businesses that they want. NOTE: This is not your Retirement Package at your firm. Retention Packages are exactly what they sound like. Non-retirement money that is paid to you to stay at your firm and not exit. We have been involved in 25+ Retention negotiations on the Street, plus many more where M&A was at play -- but there are likley many more.
​​For over 24 years, we have been assisting Finance Professionals in complex compensation consulting, including 45 Goldman Sachs Advisors, and 32 of the Barron's top 100 Advisors. What's the RISK?
.
​
​
WHO WE HELP
Advisors from $800K to $40M looking for information on what their firm's retention package may or may not be
Advisors evaluating whether it is better to negotiate a retention package or depart
Advisors frustrated with issues at their firm that remain unresolved
Advisors whose revenue has been negatively impacted by market factors,
Legitimate questions on whether loyalty at your firm should be rewarded with at least some compensation
Advisors facing pressure to accept thier firm's retirement programs
Advisors concerned with upsetting the apple cart
Advisors being inundated with outside offers and are torn betwenn stayhing or going
OUR MISSION
Our mission is simple: to help you obtain the retention package that you deserve, so that you can put your head down and get back to work. We have represented dozens of teams in their successful retention discussions with their Wall Street firms, boutiques and independent operations. We represent Advisors with AUM from the hundreds of millions to the billions including 26 of the Barron's 100 Top Advisors and 45 Goldman Sachs Advisors.
It is never our job to interfere or approach your firm or manager in any way. We act as behind the scenes strategists for you with time tested, proven data you can use to your advantage. Our firm is comprised of compensation professionals, contract negotiators, and Street's top attorneys who we tap whenever we need, saving you tens of thousands of dollars.
If you are thinking about asking your firm for a retention package, there is nothing wrong with bringing in a little muscle and a whole lot of data of who else at your firm they wrote a package for. HOW MUCH WILL YOUR FIRM PAY? to get started. Your initial consultation is always free.
OUR HISTORY
Streetwise Advisory, LLC and our parent firm have decades of expertise in helping Advisors with retention packages, fee disputes and competitive offers. Our company is in its 24th year of operation. We have represented over 300 teams in their successful integration and re-integration with major Wall Street firms, boutiques, and independent operations. For over 24 years, we have been assisting Advisors in these delicate negotiations, including 32 of the Barron's top 100 Advisors, and 45 Goldman Sachs Advisors.
​
© 2023 by Broker Crisis Management, LLC. All rights reserved.