With FINRA's higher compliance standards, prompted by the DOL, advisors seem to be having more issues with their compliance departments. When a financial advisor is terminated, they need to find a broker dealer quickly.
It seems like every week we are speaking to advisors who have been terminated from the firm. We have spoken to many advisors who think their careers are over due to a termination and a firm putting bad language on their U5. We have placed hundreds of advisors in this predicament. They thank us for our help and are very grateful for our assistance getting them "back in the business."
Don't panic, you have options! If you have been recently terminated, you have come to the right place! You will need to be open to all types of firms. We have many broker dealer options as well as registered investment advisor options.
This is not a time to call random broker dealers and waste time. Time is of essence, and we can efficiently help you through this process. Your clients will be calling you, and we will get you back up and running quickly, as you need to move your client accounts and get back to business as usual.
We have the experience, knowledge and the firms who have experience moving terminated advisors. We can recommend attorneys who have experience with working with the "language" on the U5. We can be your sounding board and get you several offers on the table. We work with terminated advisors weekly and therefore know how to get you transitioned as efficiently as possible. In many cases we can also get you transition compensation.
