| Topic Name: |
Financial Advisor Comp |
| Message Name: |
Don't sign |
| Date Posted: |
02/06/2006 |
| In Reply To: |
I do know that they train you and pay your costs and expenses in most cases...and yes, i would figure, if you quit or leave in that first 2 years, you may owe them... |
| Message: |
You don't have to sign the documents. ML will try and make you sign, but you can avoid the process until it becomes clear that you won't be signing. Just keep putting it off. If you do sign, the deal is that you agree to pay about $40k, in the event you leave within 2 years, to cover your training, compensation, etc... Provided you write some business and acquire a few HNW clients, you'll cover the $40k and will not be held liable should you decide to leave.
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