Migrating AUM Is Easy. Migrating Relationships Is Not


Amar Pandit
A respected entrepreneur with 25+ years of Experience, Amar Pandit is the Founder of several companies that are making a Happy difference in the lives of people. He is currently the Founder of Happyness Factory, a world-class online investment & goal-based financial planning platform through which he aims to help every Indian family save and invest wisely. He is very passionate about spreading financial literacy and is the author of 4 bestselling books (+ 2 more to release in 2020), 8 Sketch Books, Board Game and 700 + columns.

April 25, 2025 | 3 Minute Read
There’s a big difference between migrating assets and migrating trust.Most financial professionals miss this. Especially during transitions like acquisitions, mergers, or successions.
Migrating AUM might seem complex on the surface—but in reality, it’s a process.
With the right systems, a strong operations team, and a well-structured plan, it’s often done in 30 to 60 days.
Letters and Forms. Transfers. Backend coordination. Done.
But relationships? That’s a different story altogether.
Relationships don’t follow a checklist.
They don’t move just because a form has been signed.
They don’t transfer with a folio number.
They move when trust moves.
When comfort is rebuilt.
When a new connection is established.
And this takes time.
Patience. Presence. Real conversations.
Naive buyers often underestimate this part.
They think once the AUM is in, the job is done.
They assume clients will stay because the service continues.
But clients don’t stay for service. They stay for who is serving them.
They stay for the one who knows their fears. Their story. Their kids’ names.
On the other hand, many sellers also miss this.
They don’t account for the time and effort it takes to truly transition a relationship.
They think it’s a handover. It’s not. It’s a slow and thoughtful introduction.
If you want long-term retention, you have to go beyond the numbers.
Because clients are not assets. They’re people.
And relationships, unlike AUM, don’t migrate in 30 days.
They take as long as trust takes.
And that’s what you should plan for.
Similar Post
Nano Learning
Towards or Away
There are things we do that take us towards our goals whether it’s the firm we want to build or the life we want to live. We make progress when we do them. Some examples from y ....Read More
23 September, 2022 | 2 Minute Read
Nano Learning
The Assumption Story
I had heard this true story somewhere though I do not recollect the exact source. A Professor once told his student “Never work for a firm where there are no graduates (right o ....Read More
4 June, 2021 | 3 Minute Read
Nano Learning
6 Myths that IFAs have about their value or how they need to demonstrate their value
As I had mentioned earlier this week, I am presenting the first Nano Learning for you. It will only take 1 minute to read but you should take a few minutes or more to reflect and ....Read More
27 January, 2020 | 2 Minute Read
Nano Learning
Customer Service versus Expertise
There is often a lot of confusion between customer service and expertise. Many in our profession believe that their customer service is what differentiates them from their competit ....Read More
12 November, 2021 | 2 Minute Read
- 0
- 0
0 Comments