The change review process is complex. For those deciding to make a move, there's a whole new set of considerations and potential complications—especially in the regulation-heavy, compliance-driven world in which advisors now live.
The good news is that there are highly experienced securities law attorneys and advisor transitions who live and breathe this world. They identify the right path for advisors to follow throughout their transition to ensure that the process before, during and after is as smooth as possible to avoid any potential legal ramifications. And they are available to advise all advisers, even those who have not decided to make a move but want to better understand the ties that bind them to their firm.
The bottom line is that the right attorney can literally be the difference between success and failure in an advisory transition.
Corey Kupfer is one such attorney with 35 years of experience serving as a legal guide and strategist for financial advisors. He joins Louis Diamond to discuss what advisors need to know when considering a transition, M&A and other transactions down the road, including:
- Your contractual obligations – and what you need to know whether you're planning a transition or not.
- The current regulatory state in wealth management – and how it affects you and your clients.
- The transition process – and what potential landmines to watch out for.
- The dreaded TRO — and Corey's insider's perspective on how concerned a counselor should be.
- The future of non-competes – and how it might affect advisers considering the switch.
- Plus, Corey and Louis discuss the industry landscape and how evolution is affecting the advisor movement.
It's an episode designed for all advisors, whether they're considering the switch or not, as it's an opportunity to hear directly from an attorney about perspective, predictions and actionable best practices.