Becoming a breakaway advisor is an exciting and stressful time. We know you’re moving a mile a minute as you work to repaper and set up your new business.

In order to successfully transition from a wirehouse to an independent practice, you need a plan in place. Here’s a financial advisor transition checklist to make things a little easier during this time. We’ve also created a simple checklist to support you during the transition. This checklist will help you make a seamless move so you’re able to get your new practice up and running as quickly as possible!



Armed with this checklist, it will be easier for financial advisors to transition from a wirehouse to independent one. We know there is a lot to prepare during the repapering phase, and these steps should help you feel like you have a handle on what is necessary. Financial advisors, at the end of the day, are business owners, and this can be daunting for those who haven’t taken on all aspects of a business in the past. While there are a number of benefits to being a breakaway advisor, the increase in tasks and responsibility can be a challenge.

Start by determining your business strategy and niche clients. Then, consider the name of your new firm and build your brand. You may also choose to join an existing firm, which makes the process a bit easier. From there, you can begin to transition your accounts and retain your financial advisory clients. Now that you have clients and a business structure, it’s time to get a website and a CRM, which will allow you to stay in touch with your clients and better serve them. To complete your transition, selecting a marketing partner to help you take your business to the next level is highly advised.

At FMG Suite, our mission is to help advisors like you become extraordinary marketers. Get a demo of our tools and discover how you can quickly set up your website and start communicating to retain and gain clients.