The Idea

Financial advisor transitions
are difficult and risky.

Broker-dealers and RIAs need the best advisors to succeed, but convincing them to join your team requires overcoming a major hurdle: the transition process.

Transitioning a book of business to a new broker-dealer or RIA can take 3-6 months, involve thousands of forms, and, due to missing forms and data, usually results in NIGOs and other compliance issues. During this process, advisors are faced with frustrating business disruptions and lost revenue.

Financial Advisor Transition Solutions

Attract advisors with hassle-free transitions.

Docupace enables broker-dealers, RIAs, and advisors to save time, money, and effort with a cloud-based advisor transitions solution. Docupace uses a digital process that quickly pre-populates all new account paperwork and significantly reduces NIGOs.

  • All new account forms are pre-filled and ready to sign before the U4 drop date
  • All lines of business are covered
  • All documents are stored in a secure and compliant cloud-based vault
  • Expert assistance is available to the advisor throughout the process
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How does it work?

1

Docupace works with the Broker-Dealer or RIA to custom-build a Transition Assistant site according to the firm’s specific instructions and complete with all necessary forms.

2

Docupace contracts directly with the advisor and walks them through the re-papering process. Hands-on concierge service is available from the Advisor Transitions team throughout the process.

3

The advisor completes a final review, signs the completed forms, and all necessary data is transferred to the broker-dealer or RIA for processing.

4

The advisor is ready to continue serving their clients and work with their new firm, having experienced minimal business interruption.

Is it legal?

Docupace’s financial advisor transitions process is designed to assist with adherence to the relevant FINRA rules and SEC regulations surrounding the incoming advisor. Maintaining segregation of information until the date of registration is paramount, along with other controls, enables the intaking firm and the incoming financial advisor a well-documented, faster transition.

Docupace carefully silos all information during the transition process to maintain privacy for the financial advisor and their clients, and to ensure the intaking broker-dealer does not have access to client data until the financial advisor signs the new account forms.

We work with broker-dealers to develop their financial advisor transitions site, then work with transitioning financial advisors to complete the process, ensuring there is no overlap until the financial advisor registers, via Form U4, with the intaking broker-dealer.

Benefits for RIAs and Broker-Dealers

Attract great advisors.

Recruit more advisors with the promise of a smooth, quick transition that exposes them to minimal risk.

Financial Advisor Transition Solutions

Improve revenue.

Bring on better advisors with existing books of business, get them producing faster, and watch the impact on your bottom line.

Reduce paper costs.

Don’t bother printing, mailing, and faxing reams of new account paperwork during an advisor transition. Use Docupace and handle almost everything electronically.

Ready to bring on more advisors?