Although successful advisors are in great demand and enjoy a high degree of job security, they also remain "at will" employees who can be terminated for any reason. And in case you thought otherwise, any recruitment or retention "deal" you may have received does not constitute a contract of employment.

Sadly, getting fired is not such a rare event. Every month, even as my firm helps teams of advisors find new homes, we also inevitably get a call from an advisor who is being terminated. While the Big Producer (BP) has firms bidding for his services, the Terminated Advisor (TA) goes begging for a job.

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