Legal/Compliance
Getting Started – ESI Teaming Application and Agreement
Equity Services, Inc. (“ESI”) understands that some Registered Representatives desire to take a team approach with their clients and practice. Whether it’s to reach new markets or add new skill sets, facilitate a Succession Planning Agreement, or develop the next generation of Advisors, ESI’s Teaming program can offer Teams the support and recognition to achieve their objectives.
Subject to approval by both ESI and the Representatives’ BOS, Team Members are eligible to apply for status as a “bona fide Team,” defined as two or more ESI Registered Reps/Investment Adviser Reps, sharing some amount of compensation on at least 25% of their clients.
Even if the eligibility requirements are met, participation in ESI’s Teaming program requires not only the agreement of all team members, but also the approval of your Branch Office Supervisor and ESI. Factors to be considered include but are not limited to:
Joint work performed by Team Members
Sharing expenses by Team Members
Unique but complementary skill sets possessed by Team Members
Anticipated Succession Planning between Team Members
You should discuss these issues with ESI and your BOS before you apply, and complete the application with appropriate payout information. Click here for the Teaming Application and Agreement.
Equity Services, Inc., Member FINRA/SIPC, is a Broker/Dealer and Registered Investment Adviser. In CO, MO, NH, and WI. Equity Services, Inc. operates as Vermont Equity Services Inc.
TC 134603(0723)1 | Cat No 106611(0423)