After being in the financial services industry for over a decade, there is one thing I have found to be an almost universal truth: Independent financial advisors absolutely love what they do. The topic of selling is often sensitive and difficult for advisors who have been growing an independent practice for the majority of their careers.
Many advisors who have built their practices from the ground up are not always ready to sell and walk away. There are some, however, who are ready to slow down after years of a rewarding career and view selling as a path to retirement. Whatever the situation may be, there are several things that you should consider if you want to receive the full value of your practice while also finding the best fit for your clients.
0 Comments Click here to read/write comments
Topics: Selling Your Practice, Acquisition, Buying & Selling
The single, biggest threat to a financial services business with one owner, or only one primary advisory, is not the lack of a succession plan. It is, in fact, the lack of a plan to protect the clients and the practice's value in the event of an owner's sudden death or disability.
Our FREE white paper, published earlier this year, compiles almost two decades of knowledge when it comes to continuity planning for financial professionals.
2 Comments Click here to read/write comments
Topics: Continuity Planning
Meet the faces of FP Transitions–the team of people passionate about your growth. We use our different perspectives and shared desire to help financial advisory businesses, of any size, reach their goals. We care about what we do, and we care about our clients.
All of us feel lucky to work for a company like FP, but more importantly we feel lucky to be a part of the success of your businesses. In this video, we're excited to finally express just how much we enjoy working with all of you every day.
Thank you for continuing to trust us to guide your business to the next level.
0 Comments Click here to read/write comments
Topics: FP Transitions, Culture
Read More
Read:
0 Comments Click here to read/write comments
Topics: Business Growth, Business Value, Benchmarking, Valuation & Appraisal
In the past month it seemed like our inboxes and Twitter feeds exploded with articles on “robo advisors.” Not necessarily a new technology, these automated platforms are setting off some threat alarms in the financial services industry.
It seems robo-advising can’t be avoided, which shouldn’t come as a surprise in our world of evolving technology and “gotta have the next big thing,” “how can I get the most bang for my buck” mentalities.
I dove into as many of these articles as I could in order to compile a list of the ones I think offer the best insight into the rise of robos and how traditional advisors can meet the challenges they pose head on.
0 Comments Click here to read/write comments
Topics: Business Growth, Industry News, Robo Advisors, Sustainability
Read More
Read:
0 Comments Click here to read/write comments
Topics: Organizational Structure, Business Growth, Sustainability
Founding (G1) advisors are asking the wrong question: “How do I hire and retain employees with an entrepreneurial mind-set?” It should be, “How do I attract and retain employees with the skills and expertise to take my business to the next level?”
0 Comments Click here to read/write comments
Topics: Succession Planning, Multi-Generational Ownership, Next Generation
There is a lot to consider when crafting an effective continuity plan: partner, terms, triggering events, and clients expectations to name a few. This infographic below breaks down the most important elements of continuity planning to help tackling the process a little simpler.
0 Comments Click here to read/write comments
Topics: Continuity Planning, Infographic
ur lastest FP Webcast, President and Founder, David Grau Sr., talks about how to execute a proper succession plan. From thinking realistically about your time to harnessing second-generation talent, David walks you through the benefits and logistics of starting early.
0 Comments Click here to read/write comments
Topics: Compensation, Succession Planning, Webcasts, Equity