$360M, 1,000 Accounts: Inside Nic Nielsen’s Independent Transition
Moving a $360 million advisory practice with roughly 1,000 accounts takes serious preparation. Nic Nielsen’s team transferred 86% of its assets within two weeks and 98% within a month, returning to business as usual by the end of week two.
In this episode, I catch up with Nic Nielsen, CFP® of Know My Plan to discuss his move from LPL Financial to Raymond James and how it compared with his earlier transition from a bank to independence.
We break down the preparation, client communication, data ownership, and dedicated transition support that shaped the experience. Nic also explains why visiting prospective firms mattered and how he asked for a support process tailored to his team.
For financial advisors considering a firm change, this conversation offers a firsthand look at what a well-prepared transition can involve and the questions worth asking before you commit.
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Contact & connect with me:
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