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Oppenheimer Advisor Change Form GBS Advisors

Oppenheimer Advisor Change Form GBS Advisors

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hi the question today is how often do financial advisors change firms and why why does a financial advisor change terms if a financial advisor changes from a large brokerage house where they were an employee and they moved to a new large brokerage house or even Regional brokerage house where they are still an employee that move tends to be for a large bonus payment that person was typically paid anywhere from 100 to 300 percent of last year's Revenue to make that move to the new firm the new firm is in effect buying that business and you the client are part of what's being purchased there are times when this is valuable there are times when this may not be valuable but it's very important for you the client to evaluate why is my financial advisor making this move now if it's for money and if it's for no particular benefit to the client for example let's say you have to go through the hassles of the change you might have tax impacts of the

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