As we enter the final month of 2020, I am beginning to focus on year-end business planning. However, before looking ahead, I want to take a moment to extend our gratitude to you, our clients, for what we have just accomplished together.
After a 22-year career with a former broker/dealer, we launched Hicks & Associates Wealth Management into the independent channel on October 9th. Thanks to you, that transition has been extremely successful. We made greater progress in less than 30 days than anyone expected, transferring 94% of our former managed assets in that time frame. In fact, this past week I was working with one of our consultants on what they refer to as a “clean-up call.” This type of call typically takes place much later, but we transitioned the practice so quickly that it was appropriate timing for us. And while our team has been pleased with the progress, it was a pleasant surprise to hear this seasoned consultant tell us that our launch serves as a model of an ideal transition.
Such a successful transition would not be possible if it were not for the team we have in place. It is the makeup of this team that makes it clear to me that this was the right time for this evolution to Hicks & Associates Wealth Management. This team has proven many times over how talented and capable they are of serving our clients at the highest levels.
Most importantly, a successful transition would not have been possible had it not been for you, our clients, working with our team to move things along. We are so thankful for each of you and look forward to many years of prosperous work together.
From all of us at Hicks & Associates Wealth Management and our families, we wish you and yours a very joyous Christmas season.