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TRANSITIONS CAN BE DISRUPTIVE

Let us help make it seamless

Our transition team stands ready to make sure that your move is well organized and goes smoothly.

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TRANSITIONS CAN BE DISRUPTIVE

Let us be your guide through a seamless transition

Our transition team stands ready to make sure that your move is well organized and goes smoothly.

WHAT TO EXPECT

Top questions about the transition process

Click on a FAQ below to get some answers to help you decide if a transition is right for you.

How do I decide if a move is right for me?

Deciding if a move is right for you involves careful consideration of your career goals, the opportunities presented, alignment with your values, potential for growth, and the overall fit with your professional aspirations. Reflect on what you value most in your career, and assess how the move aligns with your long-term goals.

What should I expect during a transition?

Changing broker/dealers will unavoidably create some disruption in your practice. That’s why it’s important to stay focused on the end goal throughout the process.

Step 1: New Advisor Setup

Step 2: Onboarding

Step 3: Training and Education

Step 4: Ongoing Support

What should I do before resigning from my current firm?

Prior to resigning from a firm, advisors are advised to carefully review their representative agreement. This includes becoming reacquainted with the termination notice guidelines, understanding how commissions and fees will be handled, familiarizing themselves with the non-solicitation clauses in the contract, and ensuring a thorough understanding of the firm's protocol and privacy policies.

What questions should I ask before beginning transition?

• Can you explain the steps involved in the transition process?

• What is a typical timeframe for completing the transition?

• What kinds of support services are available before and after the transition?

• How long is support available during the transition period?

• Could you describe how updates are communicated and their frequency?

• Will I have a dedicated specialist guiding me through the conversion process?

• Is there a comprehensive list detailing the responsibilities related to transitioning to your broker/dealer, including paperwork and accountability?

• Can you share your broker/dealer's track record in terms of successfully transitioning clients and their assets?

• What are some potential challenges that may arise during a transition, and how can they be proactively addressed?

• Are there proven strategies or best practices to enhance conversion rates during the transition?

What are some tips to ensure my transition is seamless?

• Carefully review your representative agreement to ensure a thorough understanding of your current firm's protocol and privacy policies.

• Develop a transition plan that aligns with the payment schedule of your current firm, aiming to reduce post-resignation compensation payouts.

• Prioritize client outreach by targeting high-priority A-list clients first, followed by B-list clients and then C-list clients to enhance conversion rates.

• Explore how the transition period could serve as an opportunity to introduce clients to new products or pricing options that may offer them added benefits.

WHAT TO EXPECT

Top questions about the transition process

Click on a FAQ below to get some answers to help you decide if a transition is right for you.

How do I decide if a move is right for me?

Deciding if a move is right for you involves careful consideration of your career goals, the opportunities presented, alignment with your values, potential for growth, and the overall fit with your professional aspirations. Reflect on what you value most in your career, and assess how the move aligns with your long-term goals.

What should I expect during

a transition?

Changing broker/dealers will unavoidably create some disruption in your practice. That’s why it’s important to stay focused on the end goal throughout the process.

Step 1: New Advisor Setup

Step 2: Onboarding

Step 3: Training and Education

Step 4: Ongoing Support

What should I do before resigning from my current firm

Prior to resigning from a firm, advisors are advised to carefully review their representative agreement. This includes becoming reacquainted with the termination notice guidelines, understanding how commissions and fees will be handled, familiarizing themselves with the non-solicitation clauses in the contract, and ensuring a thorough understanding of the firm's protocol and privacy policies.

What questions should I ask before beginning transition.

• Can you explain the steps involved in the transition process?

• What is a typical timeframe for completing the transition?

• What kinds of support services are available before and after the transition?

• How long is support available during the transition period?

• Could you describe how updates are communicated and their frequency?

• Will I have a dedicated specialist guiding me through the conversion process?

• Is there a comprehensive list detailing the responsibilities related to transitioning to your broker/dealer, including paperwork and accountability?

• Can you share your broker/dealer's track record in terms of successfully transitioning clients and their assets?

• What are some potential challenges that may arise during a transition, and how can they be proactively addressed?

• Are there proven strategies or best practices to enhance conversion rates during the transition?

What are some tips to ensure my transition is seamless?

• Carefully review your representative agreement to ensure a thorough understanding of your current firm's protocol and privacy policies.

• Develop a transition plan that aligns with the payment schedule of your current firm, aiming to reduce post-resignation compensation payouts.

• Prioritize client outreach by targeting high-priority A-list clients first, followed by B-list clients and then C-list clients to enhance conversion rates.

• Explore how the transition period could serve as an opportunity to introduce clients to new products or pricing options that may offer them added benefits.

GUIDE TO TRANSITION SUCCESS

7 tips to a rewarding transition

Set yourself up for success with these tried and tested pre-transition techniques.

Know the transition

Transitioning between broker/dealers inevitably leads to some level of disruption in an advisor's practice. It's crucial to maintain a clear focus on the ultimate objective throughout this period. Understanding that the transition signifies the beginning of a more favorable situation can assist advisors in managing any minor challenges that may arise during the transition phase.

Review representative agreement before resigning

Prior to leaving a firm, advisors should carefully review their representative agreement to refresh their understanding of termination notice guidelines, payment terms for commissions and fees, the contract's non-solicitation clauses, and the firm's protocol and privacy policies.

Obtain pre-approval on all marketing materials

Collaborate with the new broker/dealer to secure pre-approval from their compliance department for all marketing materials, website content, etc. This ensures a smooth start and allows you to be fully prepared upon joining the new broker/dealer.

Consider how this switch may be maximized

Take into account how this transition to a new broker/dealer can be leveraged to end challenging client relationships or to reevaluate pricing for clients that may not be financially viable.

Build a transition timeline

Develop a transition timeline that aligns with the commission and fee payment schedule of your current firm to minimize the compensation paid after your resignation date.

Focus your client outreach

For optimal conversion success, prioritize client outreach starting with A-list clients, followed by B-list clients, and then C-list clients.

Transition clients to new products or pricing

Explore how this transition can serve as an opportunity to introduce clients to new products or pricing options that may offer them added benefits.

GUIDE TO TRANSITION SUCCESS

7 tips to a rewarding and smooth transition

Set yourself up for success with these tried and tested pre-transition techniques.

Know the transition

Transitioning between broker/dealers inevitably leads to some level of disruption in an advisor's practice. It's crucial to maintain a clear focus on the ultimate objective throughout this period. Understanding that the transition signifies the beginning of a more favorable situation can assist advisors in managing any minor challenges that may arise during the transition phase.

Review representative agreement before resigning

Prior to leaving a firm, advisors should carefully review their representative agreement to refresh their understanding of termination notice guidelines, payment terms for commissions and fees, the contract's non-solicitation clauses, and the firm's protocol and privacy policies.

Obtain pre-approval on all marketing materials

Collaborate with the new broker/dealer to secure pre-approval from their compliance department for all marketing materials, website content, etc. This ensures a smooth start and allows you to be fully prepared upon joining the new broker/dealer.

Consider how this switch may be maximized

Take into account how this transition to a new broker/dealer can be leveraged to end challenging client relationships or to reevaluate pricing for clients that may not be financially viable.

Build a transition timeline

Develop a transition timeline that aligns with the commission and fee payment schedule of your current firm to minimize the compensation paid after your resignation date.

Focus your client outreach

For optimal conversion success, prioritize client outreach starting with A-list clients, followed by B-list clients, and then C-list clients.

Transition clients to new products or pricing

Explore how this transition can serve as an opportunity to introduce clients to new products or pricing options that may offer them added benefits.

Ready to get the process started?

Fill out the form below and one of our transition specialists will contact you to help.

Ready to get the process started?

Fill out the form below and one of our transition specialists will contact you to help.

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Contact Us

The O.N. Equity Sales Company

Member FINRA and SIPC

A registered broker/dealer.

One Financial Way

Cincinnati, Ohio 45242

877.663.7267

©2024. All rights reserved.

Contact Us

The O.N. Equity Sales Company

Member FINRA and SIPC

A registered broker/dealer.

One Financial Way

Cincinnati, Ohio 45242

877.663.7267

©2024. All rights reserved.