1 visitor like this article | Viewed 3488 times | 0 comment
Summary: Too few advisors have a coherent business plan and many choose to ignore key structural issues. Independents are guilty of some of the same questionable practices of which they accuse wirehouse reps. Advisors who believe they are well-positioned to sell their businesses at the end of their careers for a decent price are, for the most part, mistaken. The objective is to help avoid “catastrophic outcome” for advisors ignoring warning signs
Added on October 2013 in M&A Issues
1 visitor like this article | Viewed 5103 times | 0 comment
Summary: As the financial planning profession matures, there is a growing interest in the opportunities to buy and sell financial planning practices, both for investors, for existing firms looking to grow, and for new planners looking to enter the business. However, industry statistics suggest that relatively few deals are happening (and are generally only for larger firms).
Added on October 2013 in Join an RIA
1 visitor like this article | Viewed 3795 times | 0 comment
Summary: Mark Tibergien has long warned about the looming talent shortage in the advisor industry. Pershing, where Tibergien released a report that quantifies the shortage and explores how successful advisors are bypassing the shortage by taking significant human capital steps now. How the advisor demographic challenge can be solved to everyone’s benefit—including clients
1 visitor like this article | Viewed 3731 times | 0 comment
Summary: For financial planners, succession plan, or lack there of, merits attention regardless of the amount of assets they manage. Clients care about who will takeover their assets if something happens to their advisor.
1 visitor like this article | Viewed 3899 times | 0 comment
Summary: This article talks about a strategy to find a durable business model. It follows Rob Francais, CEO of Apiriant, as he explains how the strategy works. For RIAs who want to ensure clients that their firm will endure to serve their children and grandchildren, a robust internal succession plan is critical.
