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.

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

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.

• 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?

• 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.