What brokers must know before they go
Most financial advisers spend their entire careers focused on building their book of business and providing top notch service to their clients. But the value created by an adviser and the clients serviced by the adviser while at the firm belong to the firm. Thus, brokers are transitioning from firm to firm, and in many cases, from employee adviser to independent adviser in a bid to own their books of business and control their careers. Such a move can be tricky, however. Here are seven issues every adviser should address before making the jump.
[By Kimberly P. Cronin, a lawyer with Messner & Reeves, LLC. The information contained in this article is not intended to constitute legal advice and should not be construed as such. For legal advice consult an attorney.]