Tom Ajamie spoke in detail with Financial Advisor Magazine about how many companies force FAs to forfeit their deferred compensation when they leave their jobs.
Ajamie said his firm had people reaching out and complaining about issues with deferred compensation at a lot of firms. “It didn’t seem right. The general concept of keeping someone’s compensation is just wrong,” Ajamie said. “It’s just not the norm in law that you should keep someone’s income unless they did something really bad."
In the extensive discussion with Financial Advisor Magazine, Tom highlights:
Ajamie said his firm and the attorneys on the case were among the first to challenge these deferred compensation policies. He said they are actively looking at and dissecting compensation plans to see if companies in general are holding back compensations that they should not be holding back.Read the Full Article