Leaving a FP/FA firm

Do FP/FA firms provide exit plans for Advisor if he/she decides to leave the industry one day?

For companies that recognise the clients are owned by you, you can either sell the client to your fellow colleagues or the company. That would be the exit plan.

 

For companies that don’t recognise the clients are owned by you, you can’t sell the clients because they are not owned by you. So, it better for you to join the company that gives you client ownership.

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