Latest / Transition To RIA Podcast
Q145 - When Do You Need Legal Advice As Part Of An RIA Transition?
When I explain to advisors they likely will want legal advice regarding navigating their departure from their current firm, I sometimes hear a range of responses:
“My buddy left the firm last year, and I’m just going to follow what he did.”
“I’m already independent, so none of that applies to me.”
“I made a transition 7 years ago, so I already have it figured out.”
In reality, most advisors, regardless of their current affiliation model, have at least one (if not multiple) reasons to need such advice: non-solicits, non-competes, Reg SP, broker protocol, deferred comp, forgivable loans, RSUs…
The skinny
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