Can your transfer your book of business if you move to another firm?

Is there a vesting time frame in order to transfer your book of business if you move to another firm? Or do they have full rights over all of your clients?

They have FULL rights over "your" clients. The clients are technically theirs, not yours. You are just their service representative, or their consultant, whichever you prefer to be called. When you're studying for the S66, you will learn that the Investment Advisor, is the company, in this case AXA Advisors. You are the Investment Advisor Representative. So once you build a client base, if you leave, the clients are still AXA's and they are simply assigned to a different salesman to maintain their account. So if you build a respectable book of business and decide to leave AXA, which you probably would, all of your clients stay with the firm.

C-Money in Kyle, Texas said: Is there a vesting time frame in order to transfer your book of business if you move to another firm? Or do they have full rights over all of your clients?

The correct answer is it depends. Some clients can be transferred with ease. Other clients (like all firms) stay with the company. It is really done by product. AXA, like everyone else, has proprietary products that only AXA advisors can distribute. If it is not one of those products, it can easily be trasferred to another BD.

Please take everything Evr has to say with a grain of salt. He is clearly very uninformed on AXA and the business in general.

laughingatsomeofyou in Raleigh, North Carolina said: The correct answer is it depends. Some clients can be transferred with ease. Other clients (like all firms) stay with the company. It is really done by product. AXA, like everyone else, has proprietary products that only AXA advisors can distribute. If it is not one of those products, it can easily be trasferred to another BD.

Please take everything Evr has to say with a grain of salt. He is clearly very uninformed on AXA and the business in general.

So annuity clients must stay at AXA obviously, but you are saying that you can take your book of brokerage business with you if you decide to go elsewhere? Like your LPL clients - they would be able to be transferred?