By Mindy Diamond – With the anticipated announcement of an enhanced CTP, Mindy Diamond spoke to Merrill breakaway executive Vince Fertitta for his take on what it could mean for advisors, next gen and clients.
UBS ALFA Program: Understanding the Real Impact on All Advisors, Their Clients, Their Teams and Their Future
By Barbara Herman – The opportunity for an advisor to monetize his life’s work without having to change firms can be very compelling. However, the reality is that the decision to do so comes with some important caveats requiring careful consideration by the advisor looking at retirement as well as his successors. Uncovering the potential and hidden risks of retire-in-place programs like ALFA often comes down to answering these 8 questions.
Louis Diamond Quoted – By By David Sterman, RIA Intel – The stepped-up pace of M&A deal-making for smaller to mid-sized firms is the rare confluence of aligned interests. And many share a common trait: a lack of succession plans.
By Louis Diamond – While mergers and acquisitions are typically associated with existing RIAs and independents, the fact of the matter is that anytime an advisor is offered a recruitment package from a brokerage firm, that firm is in essence “buying” a business and conducting its own due diligence process to assess value—so understanding that value is imperative.
Louis Diamond takes over the mic to share actionable advice on succession planning for all advisors no matter your age, stage of your career, or whether you’re seated at a wirehouse or are an independent business owner.
Webinar featuring Louis Diamond – Many financial advisors don’t have a succession plan for themselves. Louis joins host Chris Holman (Executive Coach with Horsesmouth) to discuss the roadblocks and how to get started on building your own strategy in this webinar which aired on February 21, 2019.
By Mindy Diamond – While the byproduct of changing firms could be enhanced client service, control and growth, it could also deliver the really nice perk of allowing the advisor to monetize his/her business twice – yet moving only once.
Prospective breakaways and independent business owners alike often ask us about the long-term, bigger picture potential for their firm. In this episode, Nathan Bachrach of Simply Money Advisors joins Mindy to discuss the answers so many independent business owners ponder. [podcast]
By Mindy Diamond – “While the wirehouses have solved for succession planning by offering advisors exit strategies allowing them to monetize their life’s work, most smaller firms have yet to put something formal in place.” — An astute observation recently posted by our own Deborah Aronson on LinkedIn.
Succession Planning: How 2 Independent Advisors Found Continuity – and Growth – Through Different Channels
By Wendy Leung – As business owners, independent advisors need to have well-crafted business plans for today, with clear visions and strategies for tomorrow. Yet preparing for “tomorrow” means ensuring the continuity of the business that they spent their life’s work building and for the clients who have grown to rely upon them.
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