From wealthmanagement.com
1 visitor like this article | Viewed 4384 times | 0 comment
Summary: Recently, I had a disheartening conversation with a couple friends of an independent advisor who had tragically passed away unexpectedly. The advisor, a large producer with a lucrative book of business, had worked in the industry for decades and was an invaluable member of his firm.
From wealthmanagement.com
1 visitor like this article | Viewed 4474 times | 0 comment
Summary: In an increasingly complex and competitive post-recession environment, CEOs of family businesses are making strides to plan for an uncertain future, navigating the interplay between innovation and technology and grappling with barriers to growth. With family-controlled businesses accounting for 35 percent of Fortune 500 companies, they’re a huge driver of the U.S. economy.
From Financial Advisor IQ
0 visitor like this article | Viewed 4130 times | 0 comment
Summary: You’re smart, and you do what’s best for your clients. So you didn’t wait to find a successor. You got on the ball and found one, a promising younger FA. Now she’s installed at your firm and learning what it takes to be boss.
From Financial Planning
1 visitor like this article | Viewed 4056 times | 0 comment
Summary: When Victoria Collins started her transition into retirement a half-dozen years ago, she wasn’t overly concerned about getting equity out of the firm she helped found in 1990. Indeed, she still owns a 5.6% stake in First Foundation, the wealth management company’s publicly traded parent.
From Financial Advisor Magazine
0 visitor like this article | Viewed 4409 times | 0 comment
Summary: If we want to have a good financial advice industry, we need to own it. One way to do that, among others, is to sell our firms internally to our subordinates. Internal succession—passing the baton to people actively engaged in the business—is one of the best ways to keep a firm’s culture alive and keep promises to clients and employees
