Altitude Securities Law Office

Broker / Advisor Transition

Broker / Advisor Transition

Registered Representatives (Brokers) and Investment Adviser Representatives (IARs or Advisors) often seek to change employment throughout their careers. When accepting employment with Broker-Dealer or Registered Investment Adviser (RIA) firms, Advisors are typically required to sign an employment agreement outling the terms of employment. These agreements typically include, among other things, provisions to protect the Broker-Dealer or RIA firm when the Broker/Advisor decides to leave, whether through a non-compete clause, a non-solicitation clause, and/or repayment of a promissory note. Violating the terms of the contract can result in extensive legal fees and increased risk of liability.

If you are considering new employment, whether you are a new Broker/Advisor or transitioning from one firm to another, we are here to help you to pursue the new employment without violating any laws, regulations, or contracts.

For new Brokers/Advisors, we can help by:

  • Negotiating compensation packages and bonus plans
  • Reviewing and advising on prospective employment contracts

 

For transitioning to new firms, we can help by:

  • Negotiating new compensation and bonus plans
  • Reviewing and advising on prospective employment contracts
  • Reviewing and advising on existing contracts, including non-compete and non-solicitation provisions within agreements
  • Providing guidance on handling issues associated with transitions, such as trade secrets, proprietary information, confidential information, and non-disclosure agreements