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Frequently Asked Questions

Considering a change? These are the most common questions independent
advisors ask!

At Proteus Strategic Partners, we help independent advisors navigate pivotal transitions with
clarity and confidence.
Here are a few of the most common questions we hear from advisors exploring a new platform
or custodian.

General Considerations

Why do advisors change firms or platforms?

 

While the reasons behind exploring a move are unique to each advisor, common motivations
include:

  • Greater flexibility

  • Improved technology

  • Stronger culture

  • Better alignment with business goals

What should I look for in a new partner firm?

​

Focus on:

  • Cultural alignment

  • Technology and tools

  • Transition support

  • Succession planning options that fit your long-term vision

How long does a transition typically take?

 

Most transitions take 2–4 months, depending on business complexity and the support provided
by the new platform.

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Will my clients be affected?


With a well-planned transition, disruption is minimal. Most advisors retain 85–95% of clients within

the first few months.

Business & Financial Considerations

How do economics differ across independent platforms?


Payouts and expenses vary:

  • Independent Broker-Dealers: typically 90%+ payouts

  • RIA Platforms: 90–100% payout, minus custodial and administrative costs

  • Supported Independence Models: slightly lower payouts, but include technology, compliance, and operations support


Can I receive transition support or capital?


Yes. Many independent firms and RIA platforms offer:

  • Transition assistance

  • Forgivable loans

  •  Equity opportunities

​

Can I contact clients before I resign?


Generally, no. Regulations and firm policies restrict pre-solicitation. Always follow protocol-compliant communication after resignation or ensure adherence to contractual agreements.
 

What’s the best way to prepare clients for the move?


Maintain trust and clarity. After your transition, communicate your new affiliation while
emphasizing continuity and improved service.​

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