5-6 Weeks Before Resignation/Affiliation Date
- Complete Candidate Profile
- Sign and return offer letter and contract
- Meet your Transition Specialist
3-4 Weeks Before Resignation/Affiliation Date
- Determine desired office space, begin set-up
- Review computer requirements, ensure standards are met
- Submit preferences for stationery and business cards
- Complete product training
- Complete appropriate insurance appointment paperwork
- Review pre-approved client notification letter
- Complete training on Waddell & Reed paperwork
- Complete online licensing
2 Weeks Before Resignation/Affiliation Date
- Update database with allowable client information
- Finalize insurance/variable annuity company appointments
- Review call schedule with subject matter expert
1 Week Before Resignation/Affiliation Date
- Draft customized letter of resignation
- Participate in applicable technology training
Affiliation Date
- Submit resignation letter
- Sign Form U-4
- Resignation verified
- U-4 electronically submitted
- Receive FINRA approval notification
- Waddell & Reed advisor number assigned
- System access granted
- Account forms mailed to clients
- Meet with priority clients, gathering signatures
2 Weeks After Affiliation Date
- Continue to contact clients, gather signatures
- Local press announcement
3 - 6 Weeks After Affiliation Date
- Customized training program begins
- ACAT and non-ACAT activity monitored
7 - 8 Weeks After Affiliation Date
- Client appreciation event
Our Transition Specialists are flexible and experienced and recognize those
parts of the transition that require closer attention and a finer touch. While we
know that many elements of transition are consistent from advisor to advisor, we
recognize that your transition will require a unique and customized approach. Understanding
that, we will construct a process that works with your schedule and business needs
and will allow for a seamless transition.
*Transition activities are subject to
Regulation S-P and other applicable regulatory requirements, your current firm’s
privacy policy and any contract/agreement you may have with your current firm.