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Advisors Selling a Practice / Succession Planning

Overview

Legal risks.  Business Factors. Regulatory Considerations.  Navigating through these and other issues are challenging, particularly as financial professionals breakaway from one firm to either form their own firm or merge with another team, acquire a practice or sell their book of business.  The attorneys at the Jacko Law Group, PC (“JLG”) focus on transition services and are ready to provide solutions for complex issues you will face during this journey.

With deep industry knowledge, our attorneys have deep experience in supporting business transitions.  We understand that every course may vary, dependent upon the path selected and your needs.


Advisors Selling a Practice / Succession Planning

Selling your business can be a daunting task.  Whether you will be doing an asset sale or purchase or selling the entire entity itself, JLG’s attorneys can:

  • Evaluate current employment or independent contractor agreements
  • Facilitate the discussion of SEC, FINRA and state regulatory considerations
  • Assist with the completion of Form ADV Part 2B, Form U-4 and other required forms for your association model
  • Assess applicability of, and opine as to processes involved when relying on Broker Protocol
  • Draft written policies and procedures, amending as needed
  • Advise on the assessment of compliance and operational requirements, amending as needed
  • Draft Employment/Independent Contractor/Solicitor Contracts
  • Provide guidance on considering Privacy issues of transferring clients
  • Negotiate and draft Purchase Contracts, as needed

For more information about due diligence, call our attorneys directly at 619.298.2880 or contact us online.

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