Transitioning to a New Business Model

Transitioning from one business model to another is always challenging particularly in the securities industry due to the complex regulatory and legal considerations.

JLG provides the legal guidance, services and support that securities and financial industry professionals need to successfully transition to a new business model.

Whether you are venturing off on your own, moving from one firm to another or changing your company's business model, a series of intricate steps will be involved. JLG's professional staff will invest the time required to fully understand your immediate, mid-range and long-term goals. These goals help our team define the scope of services that will be required and better defines how JLG may assist our clients in achieving their business transitioning objectives.

Some of the specific areas that JLG can address for clients transitioning to a new business include:

• Whether a new entity should be formed
• Regulatory filings required for new broker dealers and investment advisers
• Registered representative transitions
• Development and review of business plans
• Choice of entity for business formation (LLC, S-Corp, etc.)
• FINRA and SEC regulatory compliance considerations
• Review and analysis of current employment contracts and agreements
• Guidance on marketing to former clients and safeguarding proprietary information
• Review of whether regulatory filings are required for expansion of products/services provided by the broker-dealer and/or investment advisor
• Formation of client documents (including new account forms, investment policy statements, client agreements and financial planning contracts)
• Registration with applicable regulators and state agencies
• Development of policies and procedures (including internal controls) for new independent practice
• Drafting of client disclosure documents (Form ADV, offering memorandum, marketing piece disclosures, client performance reports, etc.)
• Necessary testing for the compliance program
• Counsel on state and federal securities laws, rules, regulations and requirements
• Transition steps for moving client accounts to the new entity

Jacko Law Group, PC assists clients throughout the United States with all aspects of business model transition.

For more information or to speak with a securities attorney — contact our San Diego law office directly at 619-298-2880 or contact us online.