Prospera Financial Services, a Dallas, Texas-based independent firm, has launched a program to help their firm’s affiliated advisers acquire another practice or create succession plans through a sale.
The Advisor Practice Exchange Program program, called Apex, includes a dedicated consultant to help advisers navigate the buying or selling process, tools including acquisition and succession guides, white papers, recorded webinars, a guide to outside resources and market and economic updates.
“Studies have shown that at least a third of advisers are planning to retire in the next 10 years, but fewer than 10% have taken the time to put an executable succession plan in place,” Prospera said in a release, explaining that the firm created the program to help older advisers monetize “what they've spent a lifetime building while giving growth-oriented advisers assistance in finding the right partner.”
The group led by a 37-year industry veteran brings $470 million in assets to the Philadelphia-based broker dealer.
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The St. Louis-based real estate investment firm gives the asset management giant a valuable access point to the roughly $1 trillion net lease market.
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Barely a decade old, registered index-linked annuities have quickly surged in popularity, thanks to their unique blend of protection and growth potential—an appealing option for investors looking to chart a steadier course through today's choppy market waters, says Myles Lambert, Brighthouse Financial.
