What type of start-up costs should I expect when transitioning with FocusPoint Solutions?
Conservatively, here are the fees our partners should expect to incur as they make a transition with us: Minimal software start-up fees; RIA formation fees (if necessary); E&O expenses (if choosing to leave a broker-dealer who had covered these in the past); potential initial account FocusPoint Solutions setup fees (to be discussed once an advisor makes the decision to proceed with his/her transition); potential minimal close-out fees as assets are transitioned (typically shared between FocusPoint and the custodian). **We do not charge anything for contact management data migration. We are able to transfer cost basis history provided by the custodian.
