Opinions vary greatly about the potential new FINRA disclosure rules. While some recruiters and managers alike are howling for even greater transparency of an advisor's book, others like myself believe that it's a total invasion of a person's privacy and will actively hurt those who have built their careers in the brokerage business.

Wanting to see what Main Street has to say about its brokers' potential large payouts and bonuses, I took to my own backyard in downtown Jersey City, N.J., to find out what investing residents had to say about these large bonuses. I checked with people in my neighborhood who typically have more than $1 million in investable assets, but are fairly unfamiliar with how the recruiting game works. They are your potential clients and, in some cases, are your clients. While their thoughts vary greatly, they are all directly related to general investment philosophies, what their returns have been and how much you are a part of their community.

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