Results for "succession planning"
Displaying 313 results
August 31, 2017
Voya Financial Advisors President Tom Halloran discusses how advisers can make sure they have found the right fit when it comes to finding successors to run their businesses.
August 15, 2017
In contemporary American culture, people are often spending a lot of their time doing, not being. Many tend to move quickly and focus on action at the expense of self-reflection and deliberation. Constant motion coupled with endless digital...
Sponsored by First Clearing
July 5, 2017
Consider this scenario: An adviser, let's call her "Nancy," has worked hard during her career to build a solid business. After decades, her practice has become everything she dreamed it would be: she has 100 loyal clients who respect and trust...
June 29, 2017
As part of the aging pattern of the financial-advice profession, an estimated 37% of financial advisers plan to retire within the next 10 years. Those 110,000 advisers headed toward transition are responsible for more than $5.8 trillion in investor...
June 28, 2017
When it comes to succession planning, the financial advice industry is often painted with a broad brush as being woefully ill-prepared. A closer look, however, shows that it is mostly those smaller, independent operators that stand out as being...
June 27, 2017
AssetMark Inc., a Concord, Calif.-based provider of investment and consulting services for advisers, has launched a free, online tool designed to help advisers determine the estimated value of their business. The tool also identifies areas of...
June 26, 2017
Charlie Fitzgerald spent the last five years or so figuring out how to equitably pass on his 19-year-old financial advice firm, Moisand, Fitzgerald, Tamayo, to the next generation. The Orlando-based firm structured agreements three years ago...
June 1, 2017
According to a May 2016 article on Forbes.com, only 30 percent of financial advisors have a succession plan. Are you one of the 70 percent of advisors who has neglected this important task? As a small business owner, you're putting your staff,...
Sponsored by Commonwealth Financial Network
Advisor Group's Jamie Price: The real reason why most advisers don't have a succession plan in place
May 23, 2017
Eighty percent of advisers do not have a succession plan in place, though about half of them already know they will need to transition their businesses within the next 10 years, according to Jamie Price, president and CEO of Advisor Group.
May 1, 2017
Mortality The first step of succession planning is recognizing you have a problem: you are not going to live forever. Advisors often think they will work until they die, ignoring the high probability that an illness or disability could cause...
Sponsored by Securities America
April 1, 2017
For millennials looking to launch a career as a financial advisor, it truly is the best of times and the worst of times. Demand for young professionals who can attract young clients is at an all-time high and expected to grow. On the flipside,...
Sponsored by Securities America
February 8, 2017
Lifestyle Financial Advisors has merged the Laura A. Nagle independent advisory practice, bringing total assets under management to $510 million, according to a press release issued by First Allied Securities, the firm's broker-dealer. Lifestyle...
February 7, 2017
In the highly-competitive acquisition landscape for independent financial advice practices, successful buyers need an edge. Embracing non-traditional acquisition methods provides an essential set of tools that may make the difference between...
February 1, 2017
In September, when Salem Five Bank acquired Stumm Financial Services, it set in motion a financial advice model that could become a blueprint for other banks and credit unions, and also represents new distribution for platforms like LPL Financial....
January 30, 2017
The number of merger and acquisitions involving registered investment advisers fell by 25% last year. The latest M&A report from Fidelity Custody & Clearing describes the 104 deals in 2016 as an anomaly, and projects transactions for the current...
January 24, 2017
With $10.4 billion under advisement, Aspiriant is muscling its way toward the top tier of serious consolidators of registered investment advisers. Rob Francais, the enthusiastic CEO of the Los Angeles-based RIA, likes to reference his “100-year...
January 11, 2017
There's no more daunting task than creating a succession plan for your practice. You're busy. You'd rather be serving clients. Adding to the challenge, it feels more complicated the more successful and sophisticated your business becomes. It's...
Sponsored by Ameriprise Financial
January 5, 2017
Matthew Pietzak has left PNC Wealth Management to launch his own firm, Vantage Private Wealth, based in Naples, Fla. Mr. Pietzak, who oversaw more than $300 million at PNC, will be offering financial planning and investment management services...
January 3, 2017
The first hurdle for any wirehouse rep hoping to join Steward Partners Global Advisory is the “no-jerk policy,” which company founders say is more important than experience or assets under management. “We want great people, first, who...
January 2, 2017
The rise of companies utilizing financial technology (fintech) over the past five years can no longer be ignored by traditional wealth managers and established financial services firms. Capitalizing on digitalization, big data, social media,...
Sponsored by Salesforce and Accenture
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