Why Should I Switch Firms? All firms are the same…?

It’s a question and an assumption many advisors from other firms have asked me over the years. Switching firms is a major decision and the proper due diligence should be completed prior to making a move.

I have outlined below some of the questions that you should consider prior to making a move.

How long does it take to transition assets over?

As an example, we have seen Chairman’s level Advisors with large client bases bring 92% of their assets over in a month. Transition time is largely dependant upon the rate of speed that your team makes contact with clients and the size of your business.

We are confident that within 2 months you will transitions all the clients that want to do business with you. No matter what the size of your business.

What type of support will my team get when I transition my business?

During the initial transition process you will have a team dedicated to you (15-25 people depending on the size of your business) that will complete all the necessary paperwork to ensure a smooth transition for your clients and business. This allows the advisor to easily focus on contacting their clients and transition their team into the new work environment. Branch Administrators and Associates from across the Ontario Region come to help out with the transition.

The Brampton management team has experience with transitioning businesses. Some Advisors appreciate having a management team that will go out and help sign-up clients. The management team is in the office throughout the entire transition to lend a hand wherever needed.

Head-Office supports transitions by having separate groups of people who help process the paper work so it is not caught up in normal day to day business. This ensures accounts are opened swiftly and transfer forms expedited.

All efforts from the Brampton Branch, Ontario Region and Head-Office are focused on making the transition as seamless as possible for your clients and your team.

What are the benefits for your clients?

  • Improved working environment for their advisor team
  • Clear vision and stability in senior management team at ScotiaMcLeod & Scotiabank
  • Complete product offering
  • Portfolio Advisory Group operates as a cost centre not a profit centre which allows your clients to receive a pricing benefit
  • Accessible Team of Experts who support a wealth offering
  • Top Rated Research
  • More Access to New Issues
  • Access to Futures
  • Most International Canadian bank
  • Partnerships – Four Seasons / Clublink / Tiffany’s / Cineplex / Garmon

How will our client’s be impacted throughout this process?

All the support we supply is focused on ensuring that your clients have minimal interruption to the services you provide.

What ongoing support will my team receive after the initial transition period?

During every transition there will be a team leader assigned who will spearhead the transition. They will stay on for an extended period after the initial transition phase to assist with training support and any outstanding items that may arise.

There will also be desk side one on one training for your team members for various aspects of their roles.

Please click here to see what business develop support you will receive.

How will you help me improve my business and grow my client base?

There are a number of ways that we support advisors. You know your business best. At the branch level we take an active role in removing obstacles that may hinder the activities you want to focus on. Based on your feedback we work in collaboration with your team to improve your business processes. We have an accessible marketing consultant who can share current “what’s been working” from advisors across the country.

Learn more about our Business Development Support for our Advisor Teams.

What makes ScotiaMcLeod different from the rest of the street?

The biggest difference is culture. Our firm has never merged with any other firm. The entrepreneur spirit that founded and formed this firm is still vibrantly alive today.

Learn more about how we support our Advisor Teams.


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