Your Personalized B/D to Fee-Only Transition Action Plan

I want to change my fee structure from the current broker-dealer model I serve to a fee-only model that serves my clients

I've identified current clients who are a fit for my future firm

I’ve run the numbers based on this anticipated transition, and I know it makes financial sense for me

I have reviewed my employment or contractor agreement for restrictions (e.g., confidentiality, client data use, non-compete, non-solicit)

I consulted an attorney regarding this transition and any contractual restrictions

I am currently earning more from trails and commissions than from ongoing advice and/or investment management fees

I evaluated whether I can financially afford to give up trails/commissions and rebuild with fee-only revenue

My clients recognize and value the ongoing advice and planning I provide beyond product sales

I am prepared to wait up to 12 weeks for state/SEC registration before I can repaper clients

I need to move client assets quickly and maintain billing without interruption

I want maximum freedom to manage every part of my firm myself (tech, compliance, custodial relationships, investment management, ops)

I’d rather have a dedicated team behind me to handle the heavy lifting: compliance and registrations, investment management, technology choice and management, and back-office operations, so I can focus on clients