Chances are, if you are reading this, you are likely an advisor who has been in the business for some time, and perhaps has been through a transition – or two. Or you may be like many advisors that we speak to and have never been through a transition.
I was revisiting an article I read last year that warned advisors considering a move of some surprises that could be unsettling to those switching firms or going independent. The article covered several topics that can cause some unease for advisors making a transition.
- Volume of paperwork
- Length of transition
- Technology issues
- Difficulties transferring investments
All of these are very real issues that can present challenges to advisors looking to move their practice or go independent. And whether you’ve never been through a transition, or been through several, being an expert at transitions is NOT what you should be striving for. You are the expert for your clients in helping them reach their financial goals.
When making the decision to go independent, or switch firms, work with a firm that focuses on easing the stress of a transition, and that has helped many advisors transition their business. This allows you to focus on moving to your new, better day-to-day routine that allows you to dedicate more time to your clients.
You read the original article here.