TRANSITION TALK

Protecting Business Value and Advisor Tenure WITHOUT Non-Competes: A Look at the FTC Ruling

Posted by FP Transitions on Jul 10, 2024 6:41:14 PM

atfirstyoudontsucceed_banner

In late April, the Federal Trade Commission voted to finalize their Non-Compete Rule which prohibits the inclusion or enforcement of non-compete clauses in employment agreements in the United States. The rule is currently set to go into effect on September 4, 2024, but is the subject of active litigation which may delay or stop it from going into effect. The FTC’s Non-Compete ban applies to most employer-employee business relationships (with limited exceptions), but how will it affect wealth management and financial services businesses like yours? How will it impact your ability to protect the assets and value of your business if and when team members decide to leave the firm?

Read More
0 Comments Click here to read/write comments

Topics: Industry News, Client Retention, Talent Recruitment, Building Your Team, Equity Pathways, Client Relationships, Client Experience

What You Need to Know About the New FTC Non-Compete Ban

Posted by FP Transitions on Jul 10, 2024 6:10:16 PM

atfirstyoudontsucceed_banner

In late April, the FTC voted to finalize and promulgate their Non-Compete Rule which prohibits the inclusion or enforcement of non-compete clauses in most employment agreements. Industry experts from FP Transitions and Key Bridge Compliance sat down this week to discuss the details of the Rule, the level of concern business owners in the industry should have, and which other means advisory owners have to protect their business. You can listen to the full discussion here.

Below are essentials that you need to know about the FTC’s Rule.

Read More
0 Comments Click here to read/write comments

Topics: Industry News, Client Retention, Talent Recruitment, Building Your Team, Equity Pathways, Client Relationships, Client Experience

(Tech) Stacked for Growth

Posted by FP Transitions on Jan 12, 2023 10:12:00 AM

Blog - Tech Stacked (1)

Growth can be enabled – or hindered – by your technology. And not only that, but it can also seriously erode your profit margin if it costs you clients, requires constant fixing, or slows down cross-department collaboration. But here’s the thing: NOT using tech is the bigger mistake you can make. With so many best-in-class solutions on the market (and more appearing everyday), certainly having something is almost guaranteed to be better than nothing…right? Let’s explore your best tech investments that enable revenue growth in 2023.

Read More
0 Comments Click here to read/write comments

Topics: Business Growth, Industry News, Next Generation, Compliance, Client Retention, Wealth Management, Trends, Branding, Tech, marketing, Client Experience

Maximizing Key Drivers For Business Revenue and Growth

Posted by FP Transitions on Jul 12, 2022 9:15:00 AM

Maximizing Revenue Drivers

For many years, our data has shown that firms with over $2M in annual revenue tend to grow twice as fast as those with $250K in annual revenue. Contrary to how it might seem, this is actually a function of their structure, not necessarily their size. These firms have cultivated efficiencies in cash flow, capacity, expenses, and operational systems to support scalability and growth. These sophisticated structures are accessible to most businesses–in a wide range of revenue levels–if they’re willing to explore and dedicate time and resources to improve.  

Read More
0 Comments Click here to read/write comments

Topics: Business Growth, Business Value, Client Retention, Benchmarking

A Focus on Reputation and Client Trust for Acquisition Success

Posted by FP Transitions on Sep 27, 2017 1:16:22 PM

clienttrust_banner.jpg

Whole Foods has been a bastion of the organic movement since its founding in 1980. Urbanites flocked to pay top dollar for picture-perfect produce, wines curated by professional wine stewards, and abundant organic, non-GMO options to suit any number of nutritional requirements. However, competition eventually flooded the market. Enter Amazon. The online retail giant acquired Whole Foods in a $13.7B deal that left consumers eager to see price reductions, but concerned that the brand that they have come to trust would suffer for the sake of supply chain efficiency.

As a brand, Whole Foods became synonymous with healthy living, quality, and friendly customer service. How the acquisition will impact brand reputation and consumer trust is yet to be seen. Indeed, this is a concern of every entity when considering a merger or acquisition.  In the financial services arena, a strong reputation and client trust is hard won over many years of dedication and commitment to a fine-tuned value proposition.  Large or small, the success of a merger or acquisition depends on protecting the relationship capital of the business.

Read More
0 Comments Click here to read/write comments

Topics: Acquisition, Commentary, Buying & Selling, Client Retention

All posts

Recent Posts

Posts by Topic