Due Diligence Process
Integrity, transparency and accountability are all part of our core values at Fragasso. Thus, a thorough process is designed to identify the best arrangements for you, your clients and for Fragasso. In preparation for an association, a review of your book of business, your compliance history, a reputational review and a background check will be conducted.
The next step will be to gather an understanding of custodial relationships, operational systems and technology solutions. We will want to determine system compatibilities, data migration, integrations and all items related to technology – hardware, software and security. From these factfinding discussions, a detailed plan of deliverables and an onboarding timeline will be agreed upon.
The due diligence and transition process are estimated at 12 weeks. Timeline and completion are contingent upon the advisor’s responsiveness with deliverables.