Summary: Practice management experts frequently seem to be urging you to create a scalable enterprise, acquire professional management and develop clear metrics that will help you make better operational decisions. It appears that the profession is going through a phase where thousands of practices are taking this advice to heart, becoming businesses either through mergers of equals, acquisitions of firms of retiring advisors, or hiring key employees and turning them into partners.
 "At the end of the day, you can measure a client's net worth and return on investment. But the things that really fulfill you are the things that numbers aren't necessarily tied to.”Ross Levin, president of Accredited Investors in suburban Minneapolis. |
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