Tom New Quoted in The Daily Upside*
How Advisors Can Keep More Clients When Changing Firms
A new report shows transitioning advisors may lose nearly a quarter of managed assets.
Verdence President and Partner, Tom New, has been quoted in The Daily Upside*.
“The numbers in the Cerulli report highlight the importance of careful preparation
and communication plans, especially as such transitions increase. “None of these
clients are aware that the advisor is going to move until they actually move,” said
Thomas New, president of Verdence Capital Advisors. “It’s a bit jarring to a client to
pick up the phone and be like, ‘Wait a second, you’re moving?’ You have to be sure
that … clients deem you an irreplaceable part of their financial well-being.””
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