At NRP Financial, we recognize the importance of a smooth transition. We acknowledge the fact that a transition impacts your firm both strategically and operationally and we strive to make the transition as seamless as possible.
We have focused on identifying the key areas in a transition and we have put processes in place to make sure that we deliver an efficient and effective transition for your firm:
- Timing – We believe that prior planning and appropriate timing is the first key to your transition.
- Training – We believe that adequate training for you and your staff is the second key to your transition.
- Transition Team Support – We believe that the third key to your transition is our transition teams, who are ready to work with you and your staff.
Timing A Move
At NRP Financial, we recognize that timing and prior planning is key to your transition. We work with your firm to plan the appropriate timeline for your transition.
This transition timeline is tailored to your office and consists of stages designed to ensure the least impact to your firm during your transition.
Stage I
- Provide List of Selling Agreements
- Provide List of State Securities and Insurance Licenses
- Provide Copies of Business Cards and Letterhead>
Stage II
- Complete Form U4 and Fingerprint Cards
- Complete Training Sessions
Stage III
- Transition Licensing
- Send Out Client Paperwork
- Transition Accounts
Transition Team Support
We are dedicated to providing the support and resources that you need to achieve a smooth transition. You will receive a point transition coordinator who will lead a team of industry professionals to support you and your staff through the entire process.
Your transition team will be comprised of individuals from each of the following areas:
- Clearing & Direct Services
- Compliance
- Licensing
- Commissions
- Documentation
- Technology
We know that the transition process may seem overwhelming, but your transition team is dedicated to making your transition a success. They will help you through each step of the process.
Training
Throughout each stage of your transition process, we ensure that your firm has adequate training and tools needed for efficient business processing.
The training focuses on specific areas of your business and is customized to your firm’s processes and staff. These areas include:
- Clearing Operations
- Account Opening
- Account Maintenance
- Trading
- Books & Records
- Forms
- Blotters
- Correspondence
- Advertising
- Technology
- Imaging
- Reporting