Financial Advisors

I just referred our Investment Bank an underwriting deal for 100M bond issuance for a US City....any idea what the fee is to underwrite the deal? I’m trying to calculate my FA referral fee

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Getting screwed on a deal just like this was why Edward D Jones left New York and started his own firm.

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That’s part of the reason I left EDJ - they didn’t pay a finders fee for municipal issues when I was there (they don’t underwrite anymore is my understanding).

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Why don’t you ask your branch manager?

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Used to be around 10 bps. But lots has changed since I looked into it last.

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I’m not sure that they’re obligated to pay you anything. Do you have anything in writing saying they’re obligated to pay you for this?

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I find it hard to believe a firm like Morgan Stanley doesn’t have a structured process of referring business from wealth mgmt to the investment bank. The profit sharing should be very clearly defined in that process. At UBS, we have a team that connects WM to IB, and we would know exactly what the profit share is if we successfully referred business to the IB.

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