0 visitor like this article | Viewed 2798 times | 0 comment
Summary: The first step of succession planning is recognizing you have a problem: you are not going to live forever. Advisors often think they will work until they die, ignoring the high probability that an illness or disability could cause them to leave the business before they leave this earth. Succession planning is like retirement planning for clients: the longer you wait, the fewer options you have for transitioning the business when you need or want to.
Added on May 2017 in M&A Issues
0 visitor like this article | Viewed 3998 times | 0 comment
Summary: There’s no doubt the advisory industry is consolidating, but it’s not a process of splashy acquisitions. Instead, many top firms are joining forces with like-minded smaller firms, and at times with each other, to form bigger organizations with larger market footprints. Big acquisitions with high valuations garner all the publicity, but a quiet current of mergers is powerfully transforming the industry, and such combinations may become one of the primary succession mechanisms for midsize firms.
Added on May 2017 in M&A Issues
0 visitor like this article | Viewed 3659 times | 0 comment
Summary: It is undeniable that M&A in the RIA space is heating up and not only are the number of deals increasing but the size of the average deal is also rising. What is behind this trend? Why are independent business owners merging their firms into larger enterprises? The answer is that “scale matters” and real benefits can be derived from merging a smaller independent firm into an enterprise level independent organization.
0 visitor like this article | Viewed 2871 times | 0 comment
Summary: Change will be here sooner than you might think, said TD Ameritrade Director of Financial Planning Nathan Harness in a panel on millennials at IMCA’s annual conference. This generation, born between the early 1980s and early 2000s, is poised to make up approximately 44% of the American workplace, Harness says.
0 visitor like this article | Viewed 2893 times | 0 comment
Summary: While we all like to think that we’re unique and possibly extraordinary, I’ve found that most advisory firm owners tend to limit themselves due to a relatively short list of fears. The good news is that these fears usually can be managed once you’ve made the commitment to face them. Here are the most common fears that hold owner-advisors back:
