When you change investment firms as a financial advisor is the firm you move to given access to how many assets you manage and your revenue produced from your last position from a third party?

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I will “admit to how I did it”.... I left Edward Jones in 2015. I printed a copy of my production and asset statements straight from the CRM system (Joneslink) and scanned and emailed it to my new firm. Pretty standard stuff.

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For the benefit of those that need the explanation..... I emailed it from a personal email address. And I cleared it with my securities attorney before sending. But speak with your attorney before doing anything. They may have different advice.

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I left Chase Private Client to come to Edward Jones and it was the best decision I ever made. I printed all the necessary information right from my terminal over a 6 month period of time as it took me a while to decide to move. Those documents were able to prove my AUM, trailing 12 etc. my transfer advocate helped me map my book over. Best part of the transfer was leaving behind clients that didn’t fit my long term vision. Lying about you numbers helps no one.

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No. Going through it now. Had to send over commission statements and aum reports, but all from us. Wouldn’t surprise me if they had relationships with investment companies and call on it to confirm though.

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Don’t email!!! Hand! Emails are subject to subpoenas and any decent lawyer would advise you against it.

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Let me rephrase... if you are sending something that is illegal by mail....

We have caught FAs that came to us about lying about their previous production numbers.

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You will need to provide production statements to them. They normally will tell you the exact reports fromr your current firm that they need.

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No

Absolutely not. But here to see if any one admits to how they did it…🧐

In that case would overnight mail make more sense?

So you are saying big banks win TROs if the advisor printed and emailed a report that shows their production and AUM in order for the new firm to verify data and provide an offer package, if no client info is involved? Post a link....

Gentlemen, please understand that you can’t just hand your client records to a competitor and get away with it. If you were to do it, in-person is the “best” way. Then Fedex.

The OP is! The people who were in the thread prior to arrival were also men. This thread is gender-neutral and we apologize if you felt left out.

No! But you should volunteer that information without client data exposed. As far as the transition goes, you should have an attorney look at your contract to advise you on how you can move those assets/ clients to your new firm. Do not go outside of those guidelines! And, don't join a firm that tells you to. Red flag!

I think some people are missing the actual point of the question here.... The question was about verifying AUM and T12 production, probably so the new firm can give them an offer package. The new firm absolutely DOES NOT want you to send confidential client data! That would be grounds for a major lawsuit, and the new firm would definitely be named in and lose that suit.

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