Succession
The Majority Of Advisors Have No Real Sense Of What Their Firms Are Worth
A lot of advisors say they have succession plans, but relatively few seem to have applied serious numbers to their contingencies and scenarios.
Reuters Says "Smart Money" Is Placing Bets On RIA Buyouts; Good News For RIAs But It's Risky Business
In a story headlined “Smart Money Places Bets On Wealth Managers,” Reuters this morning says “private equity investors have set their sights on investment advisory firms, betting they will take off when markets recover and more investors seek unconflicted advice.” It’s good news for RIAs but don’t start counting the days to your retirement just yet. These deals are fraught with risk.
Focus Financial Partners In Acquisition Deal With Wirehouse Team That Broke Away Just Last Year
Sapient Private Wealth Management, an independent, fee-based Registered Investment Advisor (RIA), is being acquired by Focus Financial Partners. Sapient, which manages more than $500 million, launched as an independent RIA just last year.
Advisory Firms Can Be Worth Millions, But You Have To Plan Ahead For A Potential Sale
Advisors need to think about their own retirement plans as far in advance as 10 to 15 years, David Grau Sr. recently told TD Ameritrade affiliates.
Personal Branding Can Make Your Business Less Valuable, Transition Gurus Say
A leading advisor matchmaking firm recently cracked open its pricing model to let the world know what makes a practice more or less valuable in the eyes of would-be buyers.
