Your Transition and Training
Transitioning Your Business
Make no mistake, transitioning your business takes some effort, but Harbour’s seamless process takes more of the burden off your shoulders and places it on ours. Whether you are transferring a large number of clients immediately or a small number over time, our transition team has the technology and expertise to customize the process to fit your needs and make your transition go smoothly. In accordance with applicable privacy policy laws, we provide a framework to assist you in gathering client information, pre-fill all necessary client forms and handle back office paperwork to minimize interruption to your business. We even have technology experts available to help extract your client data from various databases. We can send a team to your office to assist you and can take care of mailing transfer forms to your clients. We’ll even help you with client meetings if you’d like. Our can-do attitude reflects our philosophy that we will do whatever it takes to get the job done for you, the right way, the first time.
Training
Although your style of business may not be changing, there are still new things to learn when changing broker/dealers. Our two-part streamlined training process is designed to provide you with the critical information and skills necessary to get your business up and running and provide ongoing training and support to keep it that way. The process is tailored to meet your business needs and scheduling constraints. On average, you can expect the initial portion of our training to take 5-6 hours. This can be accomplished within one day or spread out over several days. We can train you in person at our home office, your office, via teleconference or online, whatever fits best for you. During this portion of the training, you will get an overview of our procedures, forms, technology, compliance, and get to know the people at Harbour who will assist you in the future. The second portion of your training will involve a more hands on approach as your needs arise in the field. Our training coordinator will ensure your training needs are being met every step of the way.
Fees/Costs
Harbour’s fee schedule reflects its overall business philosophy—simple, straightforward, honest and fully disclosed. Any third party costs for items such as licensing and errors & omissions insurance are passed on to Representatives at cost. We have no hidden fees or additional affiliation fees and our Representatives pay only for what they use. Below is an estimate of fees you can expect:
Transition & Licensing Fees:
| FINRA Registration & Fingerprints | $ 235 |
| State(s) Registration | $ Varies by state |
| Errors & Omissions Insurance* | $ 1,595 - $1,945 |
| Estimated Total for the first year | $ 1,940 - $2,290+ |
*All
Representatives must be covered under Harbour’s Errors & Omissions group
contract. Arrangements for installment payments can be made.
Contact the Licensing Department for more information.
We have created a comprehensive
Transition Package for representatives
who are ready to join the Harbour team. We are committed to keeping total independence for you, the representative, and for Harbour, the broker-dealer.
