Following up on the announcement of their “retention” package for existing brokers, UBS has now released their new recruiting deal…a maximum of 280% including back end bonuses tied to prospective growth, and not based on trailing-12 production.

And by the way, they’re being “selective” in the type of financial advisors they are recruiting - supposedly, the advisors will get a certain bonus at three, six, nine and twelve months based on the amount of their previous assets transferred and the growth of their assets while at the firm….unclear is the percentage the advisor will earn at each “benchmark”.

Now the question is, is this a competitive recruiting deal? (If you check out some of my previous blogs, the recruiter deals of MSSB and Merrill offer a maximum of 330% stretching over five years and requiring growth of their business by 50%).

So, go figure…