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URL:  https://boards.fool.com/i-am-a-cynic-but-i-think-the-advisor-changing-34207163.aspx

Subject:  Re: Question-TDAmeritrade Date:  5/13/2019  10:04 AM
Author:  Goofyhoofy Number:  5774 of 5818

I am a cynic, but I think the advisor changing houses is better for them than for you. I have no way to prove that, of course, but I do know that a brokerage will reward me nicely if I move $1,000,000 (or more) to them, and I would not be at all surprised to find that there are similar incentives for “advisors.” And moving a whole list of clients would make for a handsome payday payout, I should think.

Yes, it’s possible that it will be better for you too, but that is not my first thought. It’s also possible that the advisor is caught up in some sort of political machination or is unhappy with some aspect of his current contract, but again that should have nothing to do with you.

As others have noted, if you are required to sell ANYTHING to move to another brokerage, you (not the advisor) will incur the tax consequences, or if there are declining load fees on mutual funds or early redemption penalties on bonds that is also on you. Be careful, and avoid those fees; they give you nothing but minus signs.
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