FIA - Book Transition

We understand that transitioning your book of business can be intimidating.

Our team of transition experts has developed a proven system to guide and support you through each step of the process. While you remain focused on your client relationships, Foundations will do the heavy lifting so you can hit the ground running from day one.

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INTRODUCTION TO THE FOUNDATIONS TRANSITION TEAM

After the introduction call, IARs can expect to be contacted by Compliance for a data intake request and background check. On average, the background check takes two weeks to complete, but can be longer, so it’s important to get this started as soon as possible. RIAs will receive the sub-advisor agreement.

The Transition Team will schedule a data gathering call with the advisor to prepare for the transition, outline the logistics, and set a target resignation date.

Action Item: IAR: Complete Data Intake and Background Check Authorization in Red Oak RIA: Complete the RIA Sub-Advisor Agreement Complete the data gathering call and set a target resignation date Begin outreach to prepare clients for the upcoming transition

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WHILE YOU WAIT

In this phase, the Transition Team is coordinating with you to prepare client paperwork and effectively communicate the transition action items to your clients. Together, you will agree on a target date for resignation and complete the steps to register with Foundations.

Action Item: Mail letter to clients notifying them of upcoming changes Resign from current RIA on discussed target date Sign IAR Agreement with Foundations Send U-5 form to Compliance@fiwealth.com Any additional requirements (e.g. fingerprinting)

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READY TO GO!

Once we’ve received confirmation from Compliance that your registration has been approved, it’s go time. The Transition Team will send out your client paperwork via DocuSign and provide you with PDFs for any mail or in-person clients. They will be working with you every step of the way to field questions, respond to NIGOs, and resend DocuSign envelopes to ensure a smooth and efficient rollout.

Action Item: Call your clients - effective communication ensures the best outcome for your transition

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Important Considerations: Once you resign, you will go into a “blackout period”. This means that you will likely lose access to systems that allow you to view client information. The Transition Team will help you prepare for this blackout. During this time, you will need to call the custodian with the client on the line to perform any account servicing requests.

• There may be an account number change which could result in two or more 1099s being generated for that year. This may also affect your ability to view the year-end balance for RMD calculations, so please be sure to gather the necessary information/statements for clients that are RMD age to avoid any potential issues.

• Each client is eligible to receive access to the Orion client portal.

Foundations will assist you with re-establishing any existing client logins after the transition.

• Account management fees will not begin accruing until the account has transitioned onto the Foundations platform. We have already anticipated that there will be a gap in your business income, and our team will work with you to develop a plan that minimizes the financial impact for your firm.

Advisory services offered through Foundations Investment Advisors, an SEC Registered Investment Adviser.

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480.626.2979 | fiwealth.com 4050 E Cotton Center Blvd. Suite 40 Phoenix, AZ 85040