Your Transition and Training
Transitioning Your Business
Transitioning your business takes some effort, but Harbour has the technology and expertise to customize the process to fit your needs and help make your transition go smoothly. In accordance with applicable privacy policy laws, we provide a framework to assist you from the information gathering stage to pre-filling forms and handling back office paperwork to minimize interruption to your business.
Our staff is thoroughly trained in all aspects of broker dealer operations and for your protection, we work as an extension of the compliance department to insure that all FINRA, SEC and various state regulations are followed.
Though your style of business may not change, there are things to learn when you change broker dealers. The first portion of your training will be an overview of Harbour, our forms and procedures, compliance standards and available technology, including our web based data management system, WealthServ. The initial training session can be done in our office or yours or via telephone, whatever best fits your needs. Training can be broken into segments if that works best for you. If you meet in our office, it also gives you an opportunity to meet key staff at Harbour.
Training is ongoing as you familiarize yourself with our procedures and have specific questions or if we note a particular area that should be covered. A Principal will schedule a second meeting to advance your training. Access to staff and management who can answer your questions is just a phone call away. Harbour’s staff is committed to providing continued support and the highest level of customer service to you and your clients before, during and after your transition period.
Fees
Harbour’s fee schedule reflects our overall business philosophy—simple, straightforward, honest and fully disclosed. There are two fees you are required to pay upon transition, Errors and Ommissions Insurance (E & O) and any applicable registration fees. There are no additional affiliation fees and you pay only for technology you choose to use.
Below is an estimate of fees you can expect.
| FINRA Registration & Fingerprints | $ 235 |
| State(s) Registration | $ Varies by state |
| FINRA & State Branch Registration | $95 + |
| Varies by state | |
| Errors & Omissions Insurance* | $1,535 - $1,910 |
| Estimated Total for the first year | $1,865 - $2,240 + |
*
(It is mandatory that you purchase Errors and Omissions insurance through
Harbour. The policy period is April 1st through March 31st
and will begin at a pro-rated premium based on the level of insurance you
select and your contract date with Harbour.) Contact the Licensing
Department for further information.
Our Licensing Department will walk you through the Transition process. We are here to help you every step of the way.
