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At WFG, we understand that transitioning your business to a new broker/dealer can be a daunting task to face. We also understand that a smooth and efficient transition is key to retaining your clients and accounts. Our Transition team simplifies the process by breaking it down into its component parts and preparing a customized time line with tangible deliverables along the way. Components of a Transition- License transfers
- Client account paperwork preparation and transfer of assets
- Compliance requirements
- Regulatory requirements
- Assimilation to WFG
- Assigning an internal advocate to the advisor
Preparation | 2 weeks
| - Strategy sessions
- Licensing paperwork
- Client list preparation
- Client applications preparation
- Training & orientation
| U4 | U4 day
| - Coordinate FINRA registration & resignation from current broker/dealer
| Transfer of Assets | 2 weeks
| - Advisor submits client applications
- Monitor AUM transfers
| Assimilation | 2-4 weeks | |
The WFG Transition team is known for their efficiency, attention to detail, and genuine interest in each advisor's successful transtion to WFG. The transition team here at WFG helped me alot. They were always there, they made it clear that they were always there to help out. It was really wonderful to be surrounded by the WFG staff during the transition period. Any time my colleague and I had questions, the staff was right there to help. They are available to support in any way possible; phone, email, or in person. -John B. Cravens, AWMA President Cravens Wealth Advisors, LLC
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