Clearing Conversion Support for RIAs and Broker-Dealers

The Need for Expert Support in Clearing Conversions

Clearing conversions and Custodial selection can be complex and challenging, with numerous moving parts that must align perfectly to avoid disruptions. Without the right consulting firm, brokerage firms risk partnering with the wrong clearing or custodian. This can hinder your firm’s growth and operational efficiency. Evolving industry standards make it crucial to keep your clearing contract, custodial services, and technology up-to-date.

Comprehensive Solutions for Clearing Conversions

You need change management expertise and resources to ensure your clearing conversion is a success. Oyster Consulting offers a thorough approach to clearing conversion support. Our experts provide:

• Change Management Plans: Tailored strategies to manage the transition smoothly.
• Clearing Broker Conversions: Expertise in converting between platforms and firms.
• Contract Reviews: Evaluations to ensure your clearing and custodial agreements align with current industry trends, regulations, and your growth strategy.
• Operational Support: Assistance with execution, management processes, and successful implementation.
• Technology Upgrades: Recommendations to modernize your systems and enhance your operational efficiency.

Specialized Support for RIAs

Registered Investment Advisors (RIAs) face unique challenges when undergoing custodial transitions and selection. Oyster Consulting’s extensive experience in this area ensures that your decision is informed and efficient. We assist RIAs with:

• Custodial Partner Evaluation: Helping you choose the best custodian that aligns with your business model and client needs.
• Compliance Integration: Ensuring all compliance requirements are met during the conversion process to avoid regulatory pitfalls.
• Client Communication: Developing strategies to effectively communicate changes to your clients, ensuring a smooth transition.

Dedicated Broker-Dealers Solutions

Broker-dealers require robust systems and processes to manage their complex operations. Oyster Consulting assists broker dealer clearing firms by offering:

• Conversions: Guidance on transitioning between models, regulatory compliance and operational adjustments.
• Platform Review: Evaluate and enhance your current technology and vendor platforms for better performance.
• Technology and Platform Upgrades: Modernizing your technology infrastructure to support efficient trade execution and compliance management.

The Oyster Difference

Oyster Consulting has successfully navigated numerous conversions, allowing us to anticipate and mitigate challenges effectively. We provide support before, during, and after the conversion process, ensuring continuity and high service levels throughout the transition. Our approach ensures your employees can focus on their core responsibilities while we handle the conversion tasks.

We offer unparalleled expertise and a collaborative approach. Our consultants have real-world experience in change management, risk management, and operational processes. We understand the complexities of clearing conversions and we’re dedicated to providing effective solutions. Our support is tailored to meet your specific needs and align with your strategic objectives.

With years of industry experience, our team has the knowledge to navigate regulatory requirements and operational challenges. Partnering with Oyster Consulting means streamlining your operations, focusing on growth and client service, and managing risks effectively. We are committed to helping you achieve operational excellence and long-term success.