Staying with same custodian when changing firms

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Jan 16, 2016 6:10 pm

I'm looking to leave my current RIA firm and looking at a couple options.  One of the firms uses the same custodian as the firm I'm with.  I'm curious how high on the importance scale is it when changing firms is staying with the same custodian?  It certainly makes the transition MUCH smoother and seamless regarding paperwork for the clients.  Do others find clients balk heavily with the idea of changing custodians?

Any input would be greatly appreciated.

Thanks!