Even the best-laid plans can go awry, and for advisors transitioning to a new firm, the risks increase when due diligence is rushed. A well-thought-out strategy can help avoid common pitfalls, especially when considering client loyalty and portability. 

Clients generally follow advisors, not firms, but those who have moved before must present a compelling, client-centered rationale for another transition. The ability to replicate services, including alternative investments and loan terms, is also crucial, as logistical hurdles could deter clients from making the switch. 

Legal risks, such as violating non-solicitation clauses or mishandling proprietary information, can lead to costly consequences, making legal counsel essential.

Finsum: While unexpected challenges may arise, advisors can minimize disruptions by learning from past transitions and following best practices.