While you may be happy at your current firm, your clients trust that you have the best capabilities to serve them. Are you sure that you do? Prudent advisors explore their options roughly every 3 years to be sure they’re not missing out on innovation in the industry. Are you under contract? Rest assured even while under contract, you have the freedom to explore your options. Many firms offer transition packages with enough up-front to cover any unvested portion of most transition and retention agreements.
Advisors represented by seasoned recruiters are able to come to a well-informed decision in a discreet fashion quickly and efficiently with more money on the table and minimal impact to their business. Our seasoned bonds with industry leaders and proven track record give us unmatched negotiating power to get you the best total economic package possible. We have long-standing, deep relationships with top managers at the firms we represent, many of whom we have placed ourselves. These connections ensure that we stay informed of the best opportunities available in an ever-changing industry.
If you are a new advisor, it is imperative to have the right firm backing you. Financial services firms have an interest in advisors who are off to a good start and offer transition packages designed to cover anything that might be owed on a training contract.
If you are nearing retirement and are unsure of your succession plan, many firms offer sunset packages for advisors looking to retire in the next few years. Some firms even offer practice acquisition for advisors looking to retire sooner. A late career move is a great way to monetize your practice and may even allow you to double monetize as you exit the business.
Have any legal concerns? The Protocol for Broker Recruiting (The Broker Protocol), an agreement designed to minimize legal action associated with advisor movement, clearly states what information advisors can take with them in the event of a move from one firm to another and has been signed by over 900 financial services firms. For more information, visit The Broker Protocol.
