Transition Services

Advisors understand the critical importance of partnering with a broker-dealer or investment advisor that can help them grow and support their client relationships. This realization often leads them to explore transitioning to the most suitable broker-dealer or custodial business partner to meet their evolving needs.

The transition process typically unfolds in three stages: exploration and due diligence, the transition itself, and post-transition considerations. Throughout these stages, advisors may encounter various legal, regulatory, and business challenges. Navigating contracts, promissory notes, the Protocol for Broker Recruiting, and the logistics of leaving an old firm to join a new one are just some of the issues that can arise.

The complexity of a transition can increase when customer claims, regulatory investigations, or employment-related issues come into play. In such situations, advisors must seek guidance to effectively manage interactions with state and federal regulators and other licensing entities. Having trusted legal counsel in place before making a transition is a critical step to ensure a smooth and successful move.

Advisors frequently seek expert advice on handling each stage of the transition process. Bakhtiari & Harrison offers strategic guidance to help advisors navigate these complexities and successfully transition their practice. Our firm provides comprehensive support, ensuring that all aspects of the transition are managed with expertise and precision, allowing advisors to focus on building and maintaining strong client relationships.