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Transitioning Financial and Investment Advisers

Transitioning Brokers, Registered Investment Advisers and Financial Planners

One of the most challenging aspects in a registered representative’s career is moving from one broker-dealer firm to another. Moving from an established brokerage firm or investment advisory firm to your own startup brokerage or advisory business can be equally challenging. Shustak Reynolds & Partners, P.C., is here to help you make such transitions as smooth as possible. We offer a free initial consultation to start the transition process.

From our offices in San Diego, Irvine, San Francisco, Chicago and New York, we can:

  • Consult on new business plans and transitions from one firm to another
  • Advise on and formulate business structures
  • Handle intra-industry disputes and advise how to avoid disputes with the former firm
  • Counsel on state and federal securities laws, rules, regulations and requirements
  • Review legal agreements with current employer and formulate exit strategies
  • Review and draft investment adviser ADV forms
  • Draft new client agreements, including investment policy statements and financial plans
  • Aid with registration with regulators and state agencies
  • Develop policies and procedures for new, independent practices
  • Provide ongoing testing of compliance programs
  • Advise about restrictive covenants, non-solicitation agreements, employment agreements and the Broker Protocol rules

At Shustak Reynolds & Partners, P.C., we also have significant experience with forgivable loan notes, or “golden handcuffs.” In such matters, we are known for striking pre-emptively on our clients’ behalves. Although results vary from case to case, we have often been able to get our clients substantial discounts on their promissory notes.

Mergers and Divestitures

For those registered investment advisers looking to change firms or form their own RIA firms, our San Diego, San Francisco and New York City broker transition attorneys can assist with regulatory filings and communications with the regulators. We have served as registered investment advisory attorneys to numerous successful individuals and firms. These advisers turn to us for advice on a variety of services such as:

  • Mergers and acquisitions
  • Selling the advisory practice (succession planning)
  • Solicitation and referral agreements
  • Disclosure documents
  • Regulatory responses
  • Notice filings on Form ADV Part 1
  • Creation and maintenance of Form ADV Part II, including Schedule F (disclosure brochure) and where applicable, Schedule H (wrap-fee brochure)
  • Consent letters to clients and third-party service providers

Listen to the Webinar our firm created for the Financial Services Institute on "Broker Transitions: An Overview of Legal and Practical Considerations". This Webinar is critical to brokers considering a transition to another firm and recruiters who routinely deal with brokers in transition.

Broker Transitions: An Overview of Legal and Practical Considerations


Contact Our Transitioning Financial Advisor and Broker Protocol Attorneys Today

Schedule a free initial consultation by calling Shustak Reynolds & Partners, P.C., toll free at 888-748-8748, or contact us online.