Advisors get transparent insights and real-world advice in Raymond James' updated transition guide
Raymond James Ltd. has launched its updated ‘How to Transition Successfully’ guide, created to support financial advisors as they consider transitioning to a new firm.
Originally introduced in 2020, this guide addresses current issues raised by the advisor community, providing straightforward guidance on the challenges and considerations involved in changing firms.
Scott Hudson, executive vice president and head of Wealth Management at Raymond James Ltd., emphasized that the ‘How to Transition Successfully’ guide reflects the firm’s capacity for candid conversations.
Hudson stated, “We know honesty and relevance are essential to advisors, so we built a resource that addresses their worries head-on.”
He acknowledged that changing firms requires substantial effort, with client retention as a central focus. Hudson added that the guide does not avoid discussing difficult aspects of transitions but instead provides “clear and candid advice to help advisors navigate the process.”
The guide, aimed at addressing advisors’ practical needs, goes beyond logistical advice for business transitions. Known for its transparency, it provides real-world insights and a structured roadmap to assist advisors in navigating transitions in today’s economic environment.
The ‘How to Transition Successfully’ guide is organized around three main features. Built on a foundation of transparency, it directly addresses the benefits and challenges involved in transitions.
Advisors receive a comprehensive, step-by-step plan covering each stage of the process, from initial considerations to achieving stability in a new firm. The guide also includes insights from experienced advisors and industry leaders, offering practical tips that address on-the-ground experiences.
According to the press release, Raymond James Ltd. recognizes that a career transition is significant for an advisor, affecting both personal and professional objectives.
The updated ‘How to Transition Successfully’ guide provides advisors with the information and strategies they need to make informed decisions for themselves and their clients.
