Does your bank outline fee structure in their pitchbooks or is it only discussed verbally between MDs and then signed in the engagement letter?
Asking because I am currently interning at a boutique and our seniors spend 70% of the time discussing internally about fees and make us constantly change pages in a deck with different retainers, milestone fees and success fee charts. Is this something thats usually included in pitchbooks at larger banks?
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At my bank (or at least my group) usually wasn't in the pitchbook itself, but we'd sometimes have a small fee slide or couple of slides we'd send separately. Depending on relationship sometimes just jump straight to EL negotiations and skip the slides. Was never a big lift though with actual charts or anything like that though.
Is this BB , EB or MM? thanks!
Well known MM
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