Securities America’s dedicated and experienced transition team works with advisors to transition clients and assets. During transition, advisors receive training and support including in-person meetings, live online group training and training videos.
For more information, read the Growth at Transition Guide.
Moving clients from one BD to another typically requires new paperwork for each account. In an acquisition, if the current BD and the new BD use the same clearing firm, such as Pershing or National Financial, client accounts can be moved en masse through a repoint. When the clearing firm is changing, however, each account will require new paperwork, even in an acquisition.