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Definition of 'Raintaker'
A former employee of a brokerage firm who takes high-value clientelle from his or her previous employer to his or her new brokerage. The term raintaker is taken from rainmaker, which is used to describe a brokerage employee who brings in large amounts of business to their brokerage.
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Investopedia explains 'Raintaker'
Rainmakers typically bring clients, money or respect to an organization soley thanks to their association and reputation. Raintakers are usually former rainmakers for a brokerage. Raintakers can cost a brokerage substantial amounts in earnings and commissions from lost business.
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