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Posted by FP Transitions on August 4, 2023

10 Reasons to Value and Monitor Your Practice

Experienced business owners recognize the importance of tracking and monitoring their firm's value over time. They know this business is one of their largest assets, and by measuring and monitoring it, they are enabling its growth, protecting its...

Posted by FP Transitions on July 24, 2023

Lending for Successors: What Advisors Need to Know

If you are preparing to become the successor of an RIA firm, you may have a lot of questions and concerns about how to negotiate the best deal and what lending options are available to help you finance the succession.

To help you answer these...

Posted by FP Transitions on July 3, 2023

Continuity is Not Succession

Often used interchangeably, the terms Continuity Plan and Succession Plan refer to very different business planning elements. Continuity plays an essential role in defining what happens upon a “triggering event”– sudden absence, disability, death...

Posted by FP Transitions on June 15, 2023

Ideas Without Action? You’re Not Alone.

Great opportunity comes often with great risk. But just as importantly, and far more prevalently, everyday challenges wear on us, too. How many times have you had the same conversation with a client about opening that 529? Or upping that 401k...

Posted by EMS Team on July 26, 2022

How To Build the Best Continuity Plan for You

While continuity plans are required by the U.S. Security and Exchange Commission (SEC), many advisors stop at the bare minimum, leaving their firm open to major disruption, and potentially an eroded value that leaves family or colleagues holding...

Posted by Mike McKennon on May 28, 2020

Monitoring the Health of Your Business with Annual Checkups

Completing an annual valuation on your business is the financial service industry equivalent of undergoing your annual physical. I’ll turn 55 this year and I have resigned myself to the fact that prescription medications have officially become...

Posted by Marcus Hagood on April 1, 2020

Controlling What You Can, Learning From What You Can’t

“Instead of focusing on the circumstances that you cannot change—focus strongly and powerfully on the circumstances that you can.” –Joy Page

One of my favorite movies of all time is Casablanca. This 1942 American romantic drama is revered for its...

Posted by FP Transitions on March 26, 2020

News Roundup: Business Preparedness and Compliance

The last thing any business owner and professional needs is to deal with more ambiguity and uncertainty than the global situation has already dealt us. In our highly regulated industry, many advisors are asking questions about how to keep their...

Posted by Lisa Cordial and Mike McKennon on March 26, 2020

Continuity Now : Don't Leave Your Business Unprotected

Ongoing developments with COVID-19 have prompted a number of advisors to contact us and make sure their death and disability continuity plans are up to date. It’s worth noting that only about 30% of advisors have any type of formal, written death...

Posted by FP Transitions on January 30, 2019

Harnessing the Power of Mergers

Mergers are transactions that can take on many shapes, apply to almost any size advisory enterprise, and are infinitely customizable depending on the unique details and situations of the participating advisors.  

Advisors commonly think of a merger...

Posted by FP Transitions on August 8, 2018

Alternatives to a Traditional Acquisition

One of the fastest ways for an advisor to grow their business is to acquire another advisor’s book of business. Most advisors see this “traditional acquisition” route as a quick and easy way to increase their revenue and managed assets, but if...

Posted by FP Transitions on May 18, 2018

8 Considerations for Your Merger Strategy

“Mergers & Acquisitions” is a phrase that gets used off-handedly, but those are substantially different transactions. An acquisition itself is a complicated enough process. But in a merger there are the additional components required to wholly...

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