Tech that boosts business value

Jan 29, 2014 @ 12:01 am

By Michael Laks

Financial advisers become successful by focusing on building their practices — not by planning how they'll leave them. In fact, less than one-third of today's RIA practice owners have a succession plan in place.

As registered investment advisers get older (the average age of RIAs is 58), this issue is becoming more important. Failing to plan means leaving money on the table when it comes time to retire.

In this short video, Tim Welsh, President of Nexus Strategy, a consulting firm to the wealth management industry, outlines the importance of succession planning and why having a technology infrastructure in place can boost your business value — both now and as you plan for retirement.

Interested in learning more about technology strategies for your organization? Download our new trend report Technology Strategies of Top Tier RIAs and start planning your future today.

0
Comments

What do you think?

View comments

Recommended for you

Sponsored financial news

Featured video

Events

What's the first thing advisers should do when they get home from a conference?

After attending a financial services conference, advisers can be overwhelmed by options, choices and tools. What's the first thing they should do when they get back to their office?

Latest news & opinion

Is Fidelity competing with retirement plan advisers?

As the Boston-based mutual fund giant expands the products and services it brings to the retirement market, some financial advisers say the firm is encroaching on their turf.

Gun violence hits investment strategies, sparks political debates with advisers

Screening out weapons companies has limited downside.

Whistleblower said to collect $30 million in JPMorgan case

The bank did not properly disclose that it was steering asset-management customers into investments that would be profitable for JPMorgan Chase.

Social Security underpaid 82% of dually entitled widows and widowers

Agency failed to tell survivors that they could switch to a higher retirement benefit later.

If Finra eases firm oversight of outside business activities, broker-dealers could lose revenue

Brokerage firms would no longer be able to charge reps for supervising nonaffiliated RIAs.

X

Hi! Glad you're here and we hope you like all the great work we do here at InvestmentNews. But what we do is expensive and is funded in part by our sponsors. So won't you show our sponsors a little love by whitelisting investmentnews.com? It'll help us continue to serve you.

Yes, show me how to whitelist investmentnews.com

Ad blocker detected. Please whitelist us or give premium a try.

X

Subscribe and Save 60%

Premium Access
Print + Digital

Learn more
Subscribe to Print