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Summary: For years, financial industry writers and consultants have probed every aspect of how to create a smooth succession for financial advisory practices.
Added on August 2016 in M&A Issues
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Summary: There is no question that the planning profession is currently experiencing a period of consolidation. Smaller firms are merging to create multi-partner entities, more often than ever before. Larger firms are buying practices that never created a viable succession strategy. At every conference I attend these days, I hear hallway conversations about the advantages of scale.
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Summary: Advisory firms face a daunting challenge as they prepare themselves for the latest version of the future. They will have to retool their service offering for a new generation of clients (aka Millennials), who have very different preferences, different advice needs and far more digital sophistication than your Baby Boomer clients ever had.
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Summary: In the 2015 Advisor Authority Study conducted by Jefferson National and Harris Poll, we learned that the most successful advisors are truly tech-obsessed. Advisors who manage more assets and generate more revenue spend substantially more on technology and adopt technology into their practice at twice the rate of the average advisor.
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Summary: Websites welcome prospective clients to an adviser’s practice. Here are a few tips from advisers across the industry on the elements that make their websites pop.
