Creating and implementing the most efficient transition process tailored to you is the first step in a long-term strategic partnership focused on the needs of your practice. Securities America’s transition team has years of industry experience backed by a strong knowledge of all the inner workings of Securities America. We will be an excellent resource from the minute you make the decision to join our firm.
What can you expect during your transition?
- Streamlined transition process with Securities America’s electronic on-boarding technology
- Transition plans developed especially for you that support the needs of your practice
- Access to Securities America subject matter experts and programs
- Regular consultations to ensure ongoing progress
- Training and educational resources
A successful transition begins with a great plan. You and your consultant will work together to set a plan and stay with it until you are comfortably on board and familiar with Securities America’s systems and resources. Transitions generally last through the first three months that you are effective with Securities America.
Once you have evaluated all of your options and chosen to affiliate with Securities America, you will receive a Welcome Kit that will include a number of tools to aid in managing the process, including a comprehensive transition guide.
Our Transition Team will work to make sure you and your staff feel comfortable and are able to effectively conduct your business. We understand the challenges and needs resulting from a transition, and we’ll be there to support you each step along the way.
Click the timeline image below to enlarge.
Frequently Asked Questions:
What is the typical timeframe for a transition?
Transitions will generally last 90-120 days after you are approved with Securities America by FINRA. Our focus during this time is to keep you functioning efficiently during the transition by providing you with the resources and support you need.
What types of paperwork will my clients have to complete?
All broker/dealers require repapering to meet books and records requirements, as well as completion of client identification checks. Clients will need to complete a New Account form along with the appropriate transfer forms for the account type. In addition, any brokerage ancillary services will need to be re-papered. We will discuss strategies for client paperwork preparation and make sure you understand all of the requirements of account set up.
How will you help me move my clients?
Your customized plan will explore the options available to you. This plan will be dependent on the privacy policy of your previous broker/dealer and state law.
If I change broker/dealers, can my clients come with me?
In the independent environment, in most cases, your clients belong to you and can follow you to Securities America. Banks, warehouses or other “captive” structures may have restrictions based on a non-compete or non-solicitation clause in your prior contract. We can assist in exploring the options available to you in this instance.
Can you help me sell my book of business or, conversely, purchase another advisor's practice?
If you are looking for assistance positioning your business for sale, or looking to grow your business through the purchase of another advisor's book, visit our Practice Transition Center to see how Securities America can help you!
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