Employees have a right to a safe work environment. One of the dangers employees face is discrimination. Discrimination is the unfair and prejudicial treatment of others based on individual characteristics. Discrimination can target many different things, such as...
Break Away From The Pack
Year: 2023
Addressing concerns when leaving a financial firm
When financial advisors decide to leave a major firm and start their own, they’re going to have a number of concerns. If you’re in this position, you may know that it’s the right move or the direction you want to take your career. But you should also carefully...
Understanding restrictive covenants when starting a new firm
Restrictive covenants are legally binding clauses typically found in employment contracts. They are created to protect a company’s interests by restricting certain activities of an employee, especially after they leave the company. These clauses become particularly...
How do you know it’s time to start your own firm?
Working for a big advisory company offers numerous advantages, such as allowing you to gain knowledge through hands-on experience. However, many advisors reach a point where they feel unsatisfied and contemplate breaking away from the restrictions of working for...
Should you get assistance when leaving your financial firm?
As a financial professional, are you thinking of leaving your firm and starting your own? Maybe you believe that there are plenty of potential clients and you would be able to give them better services if you had fewer cases and you just worked for yourself. Maybe...
Don’t let your words doom your next move
Once you have decided to pull the trigger on your current firm, you must tread very carefully to avoid breaking any laws or breaching your employment contract. You certainly don’t want to wind up out of a job or worse, unemployable in your field. To learn how to...
What is poaching for a breakaway financial firm?
Breakaway registered investment advisors in the financial industry are professionals who leave a larger firm to set up their independent practice. While making the move can offer greater autonomy and potentially more lucrative opportunities, it also raises ethical and...
Tips for introducing a new advisor at your firm
The relationship between financial advisors and clients is built on trust. Introducing a new advisor to your clients is a crucial step that needs to be executed with thoughtfulness and tact. If you manage it poorly, you risk alienating your clients. They may decide to...
The complexity of the current financial market and your breakaway options
Many financial advisors dream of a breakaway. They work for major firms, but they know that they would rather run their own. They would prefer to have fewer clients and to be fully in charge themselves, which can sometimes make each account vastly more lucrative. Some...
Communicating with clients when you’re leaving a financial firm
If you’re leaving your financial advisory firm and starting your own, it can be complicated to determine if you’re allowed to take your clients with you. It may depend on the contract that you signed and the manner of your exit. But one thing that is true is that...