Topics covered in the conversation include:
*best practices, from a legal perspective, for transitioning a book of business and how to avoid making unnecessary missteps.
*why it is important for an advisor to consider seeking their own legal and consultative counsel during the transition process.
*how to approach clients the right way to ensure a successful move of their account and specific tips on managing client conversations to avoid legal pitfalls.
*regulatory oversight and its impact on the competitive desire to keep accounts.
The importance of understanding the legal side of making a transition is an imperative for every advisor considering making a move. Put the knowledge in this episode to use so that you take right action as you move forward in achieving your practice and career goals through a transition to the right firm partner for you.
Recent media coverage of an advisor transition from RBC to UBS and then back to RBC has shone a light on the legal missteps an advisor can make when moving their book of business to a new firm partner. In this episode, Elite Consulting Partners CEO Frank LaRosa is joined by Brian Neville, Founding Partner of Lax & Neville LLP, for a discussion that puts their substantial combined industry expertise to work and tackles the broad topic of the legal side of transitions, providing advisors with insights that prove practical and actionable.
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