The Company

I started Water Street Recruiting in Beverly Hills, CA in 1991. Having worked as a broker for several major firms in Memphis, New York, and Los Angeles I understand all aspects of making a move. If you are looking to make a move, or just thinking about it, I can help you find the best deal and the best fit. I represent Wirehouses, Regional Firms, Investment Banks and Independent Broker-Dealers. The firms pay all fees. For further information please take a look at the FAQ's and give me a call if you have any questions.

Frequently Asked Questions

I already know a few managers. Why should I use a recruiter?

The chances are good that if you initiate a move the manager will not be inclined to make the best possible offer. If I initiate the contact, the manager will tend to believe the very best offer is the only way you can be persuaded to join them. In addition, I can ask questions or make requests that won't jeopardize your negotiating position.

This is not a good time in the market. Should I move now?

Don't let the market be the issue. The relevant issues are your personal objectives, the care of your clients, and the needs of the hiring firm.

What kind of deals are being offered now? What about my deferred comp?

For brokers who meet certain asset and production criteria, the deals are better than ever, sometimes approaching 200-300% of production. But be prepared to make a longer term commitment than in the past. Part of the reason for the increase in the bonus structure is to compensate, as much as possible, any unvested comp.

I don't want to move to another Wirehouse. Do you work with other firms?

I also work with Regional Firms, Investment Banks, Commercial Banks, and Independent Broker-Dealers. Depending on production, you may be able to open your own satellite office.

I want to move but I need to know the best way to approach my clients. I've heard stories about TRO's and other barriers to making a move. How do I handle those situations?

Every firm will provide you with all you need to make a smooth transition with your book intact. Both the branch manager and legal counsel of the hiring firm will advise you in every aspect of moving your book. They leave nothing to chance. As for restraining orders, most major firms have agreed not to take legal action against departing brokers.