Create a realistic transition strategy for advisor growth

  

Challenge:

 An RIA made the decision to leave their consolidator RIA and start their own RIA business. They needed help building and executing a transition strategy and plan that would have little to no client impact.

How we helped

Prepared the team for transition. Aligned individual team member's personal and professional goals, created a realistic resource plan for the transition that built confidence and excitement across the team

Built a transition strategy & plan with a clear target date. Developed an execution strategy that prioritized excellence in client experience with a detailed plan for managing client communications, custodian coordination, legal & risk changes, business updates, hiring new resources, expanding offices and more

Plan execution. To ensure smooth execution, provided a short- and long-term resource plan, a technology checklist, a communication plan, and a marketing plan to support the transition. Provided continuous check ins, helped answer business & technology questions, and provided additional contacts to help with custodian support through transition Beyond the transition.

Post transition, there were opportunities to further grow and develop resources, modernize, and streamline technology, refresh marketing & communications. We created a 1-year, 3-year, 5-year roadmap to share future opportunities for new business growth