Succession Planning

Displaying 100 results

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Biden’s tough tax talk fuels record M&A activity

The threat of higher taxes in 2022 is giving RIAs another reason to make a deal before year-end, while the lingering Covid-19 pandemic is forcing financial advisers to focus on succession planning.

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Succession planning requires a plan

Bring on a junior adviser at least five to seven years prior to retirement, to give both the adviser and clients time to acclimate to the role and those important relationships.

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Succession planning is essential

Advisers that put off planning for the future leave themselves open to unnecessary risks when they should be relishing the fruits of their labor.

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A plan for yourself is a plan for the future of your firm

The No. 1 reason given for the increase in advisory firm M&A is the desire to create a succession plan. Advisers nearing retirement should consider their alternatives.

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3 drivers of record M&A activity

With valuations of financial planning and wealth management shops at record highs and private equity focusing on the space, it would seem prudent for firms to at least research their options.

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What can move advisers to create a succession plan?

It seems as though the pandemic should have provided the motivation for advisers to address their continuity needs.

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Hightower adds $2 billion DC-based advisory firm

With the acquisition of Farr Miller & Washington, Hightower will install founder Michael Farr as its new chief market strategist.

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Slow your roll: Selling a practice takes time

Here are 11 steps advisers looking to transition a business should consider to be the bare minimum it takes to find a buyer and close a deal.

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To recruit more women advisers, industry needs to abandon sales culture

A new report from Carson Group taps into the knowledge of 59 female financial planning executives.

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Mariner announces first acquisition since partnering with private equity

Allegiant Private Advisors adds nearly $1 billion to Mariner's assets under advisement and expands the firm's footprint in Florida.

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Father and son team build out niche financial planning for family physicians

When a medical doctor became a financial adviser, picking a niche was a no-brainer. Benold Financial Planning tends to the financial health of family doctors.

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Prudential Retirement’s head of sales leaving for OneAmerica

Michael Domingos, the firm's head of sales and strategic relations, has been at Prudential for 28 years and was appointed to his current role in 2019. The news comes several months after a report that Prudential was considering a sale of its retirement business.

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Ric Edelman stepping down from current role at Edelman Financial Engines

Edelman will stay on as a strategic adviser, a board member and the firm’s largest individual shareholder. Currently, he serves as the firm's chairman of financial education and client experience.

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Patrick Murphy steps down as CEO of John Hancock Retirement

Sue Reibel, who joined Hancock’s parent firm in 1994, will be named chief executive of the firm and was most recently the global head of Manulife Investment Management retirement.

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Your clients may be prepared for retirement, but are you?

As an adviser, you've spent countless hours advising clients on how to prepare for retirement from a psychological perspective. Now it's time to think about that topic yourself.

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CI Financial buys $4.7 billion Brightworth for third deal of 2021

Less than a week after notching its 15th deal in as many months, Toronto-based CI Financial announced the acquisition of an Atlanta-based RIA with $4.7 billion in client assets.

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Demand for RIA talent drives compensation higher: Schwab

Latest benchmarking study shows compensation representing 74% of RIA expenses and growing by 4% annually.

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Living the ‘lifestyle practice’ dream

Why a 64-year-old RIA doesn't worry about building scale and has no plans to retire, even though he could fetch about $5 million for his firm in today’s white-hot market.

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RPA SageView weighing a sale: sources

The company, which manages more than $100 billion in retirement plan assets, could attract extremely high bids from private equity firms, sources said

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How aging advisers could hurt the 401(k) industry

Retaining ownership of a practice for too long can be risky