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.


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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    A financial intermediary that performs a variety of services. ...
  2. Investment

    An asset or item that is purchased with the hope that it will ...
  3. Rainmaker

    A broker or financial advisor who brings a large number of wealthy ...
  4. Broker

    1. An individual or firm that charges a fee or commission for ...
  5. Equity Risk Premium

    The excess return that investing in the stock market provides ...
  6. Alpha

    Alpha is used in finance to represent two things: 1. a measure ...
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