Transition Support
Our Home is Built on a Solid Foundation
In the quest to enrich your life and find the perfect “home” for yourself and your practice, your journey will take many turns. While researching the industry landscape and neighborhoods, you may wind up facing a few dead ends. Or, you might get caught in B/D cul-de-sacs going round and round, not knowing which firm is best suited for you.
Transitioning from one firm to the next can seem like a daunting experience, but it also is a crucial part of your journey. At Richard Brothers Financial Advisors we stand with you as you make that leap, ensuring the risks are either minimal or non-existent. And we stand with you, not only helping you grow and maintain your business, but also helping you reap the rewards.
The Journey to Independent Business Ownership
It’s like moving from a home you’ve lived in for many years. It can be overwhelming and tiring…from packing, cleaning, and tossing away items you no longer use, to hiring movers, notifying the post office, creditors, banks, and even doing some heavy lifting on your own. It helps a lot, though, when you have friends and family helping you. No one really “enjoys” the process, but the enrichment you experience from all the hard work is significant. Your “family” at Richard Brothers will do the heavy lifting for you as you transition to your new business.
Our Transition Process: No Heavy Lifting For You
Richard Brothers conducts a “diagnostic” examination of your current practice to determine the best way to make transitioning as smooth as possible for you and your clients. Using a turnkey approach, a dedicated transition team member oversees the entire move and, if needed, will solicit help from those who have areas of special expertise, i.e. office space, office technology; licensing and registration; health and welfare benefits; business, legal, tax, and accounting structures—all of the many areas in which you will need help. We will be your guide for the following activities:
- Administration—Coordination of your license transfer, product transfers, third-party manager transfer, special services, i.e., trust accounts, margin, discretionary etc.
- Client account transfers; counseling regarding the Privacy Act and client privacy issues; client correspondence/notification; potential compliance issues etc.
- Office space type and location; furniture and equipment assistance
- Establishment of technology requirements—networks/servers; computers; Internet access etc.
- Technology integration with premier technology firm
- Accommodate various business model options: Fee and fee based accounts, and brokerage accounts/hybrid
- Legal and accounting support, if needed
- Mentoring and coaching; marketing/PR counseling during and after the move
Remember, your business is no longer confined by four walls; that you now have unlimited opportunities and are free to build the business you’ve always wanted… from the ground up, your way. And Richard Brothers Financial Advisors is eager to build it with you. Welcome home!