Bonuses offered by the U.S.'s biggest securities companies to recruit top brokers are reaching their loftiest levels since the financial crisis, and none of the big firms are retreating from the bidding war MSNBC reports.
The brokerage arms of banks such as Morgan Stanley, UBS AG, Wells Fargo & Co. and Bank of America are offering high-end U.S. brokers two to three times the commissions and fees they produced in the previous year, up from about one times those earnings previously.
The bonuses, which can approach $15 million for some teams over several years, have steadily escalated and include perks such as prime parking spaces and the hiring of brokers' sales assistants, recruiters say. The bonuses reflect how eager big firms are to manage the assets of the very wealthy….
Find out more at http://www.msnbc.msn.com/id/47010104/ns/business-us_business/#.T4YIeav2bhc
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