Sample Transition Timeline*
- Complete Candidate Profile
- Sign and return offer letter and contract
- Meet your Transition Specialist
- Receive custom transition timeline
5-6 Weeks Before Resignation/Affiliation Date
- Determine desired office space, begin set-up
- Review computer requirements, ensure standards are met
- Submit preferences for stationery and business cards
- Complete appropriate insurance appointment paperwork
- Review pre-approved client notification letter
- Familiarize yourself with all Waddell & Reed paperwork
- Complete on-line licensing
3-4 Weeks Before Resignation/Affiliation Date
- Complete spreadsheet of allowable client information
- Finalize insurance/variable annuity company appointments
- Review call schedule with support professionals
2 Weeks Before Resignation/Affiliation Date
- Draft customized letter of resignation
- Participate in applicable technology training
1 Week Before Resignation/Affiliation Date
- Submit resignation letter
- Sign Form U-4
- Resignation verified
- U-4 electronically submitted
- Receive FINRA approval notification
- Waddell & Reed advisor number assigned
- System access granted
- Account forms mailed to clients
- Meet with priority clients, gathering signatures
Affiliation Date
- Continue to contact clients, gather signatures
- Local press announcement made
2 Weeks After Affiliation Date
- Customized training program begins
- ACAT and non-ACAT activity monitored
3 - 6 Weeks After Affiliation Date
- Client appreciation event
- Initial feedback on transition experience solicited
7 - 8 Weeks After Affiliation Date
Our transition specialists are flexible and experienced enough to recognize those parts of the transition that require closer attention and a finer touch. While we know that many elements of transition are consistent from advisor to advisor, we recognize that your transition will require a unique and customized approach. Understanding that, we will construct a process that works with your schedule and business needs and will allow for a seamless transition.
*Transition activities are subject to Regulation S-P and other applicable regulatory requirements, your current firm’s privacy policy and any contract/agreement you may have with your current firm.
