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Posted by FP Transitions on October 21, 2020
Identifying Key Successor Traits
As an owner of a successful financial advisory business, you understand that the team you’ve built is vital to that success. Taking the next step and giving your top talent the opportunity to become owners can increase your growth and ensure that...
![Virtual Meetings : Navigating the Tools [Video]](https://www.fptransitions.com/hs-fs/hubfs/Blogs/Virtual%20Meeting%20Tips/Video%20Conferencing%20Tips%20.jpg?width=458&height=280&name=Video%20Conferencing%20Tips%20.jpg)
Posted by FP Transitions on October 14, 2020
Virtual Meetings : Navigating the Tools [Video]
Digital meetings with colleagues and clients are the “new normal” for business operations. There are many free and paid options for virtual meetings, and each software platform has different capabilities in terms of customization, security options,...
Posted by Stuart Smith, JD on September 30, 2020
Benefits of Synthetic Equity for Next-Generation Owners
The term “synthetic equity” refers to a set of compensation tools that is commonly used to provide key employees some of the economic benefits of ownership without actual stock changing hands. While existing owners may benefit from synthetic equity...
![Remodeling Cash Flow [Article]](https://www.fptransitions.com/hs-fs/hubfs/Resource_Files/Resource-graphics/Remodeling%20Cash%20Flow%20Article/remodeling-cash-flow_featured.jpg?width=458&height=280&name=remodeling-cash-flow_featured.jpg)
Posted by FP Transitions on September 10, 2020
Remodeling Cash Flow [Article]
There are two ways to make money from a financial services business: wages and profit distributions. But, there are four ways to build wealth from the same model:
- Wages (including bonuses)
- Profit distributions
- Equity income selling equity
- Equity...
Posted by FP Transitions on August 19, 2020
Process Overview: Selling Your Business on the Open Market
Selling your business is a big decision. The good news is that demand is high and you have many options for structuring your exit. You also have many places to conduct your buyer search: reaching out to your professional and community networks,...
Posted by FP Transitions on July 30, 2020
Considering Key Staff During the Sale of Your Business
It’s hard to keep secrets in a small office. The rooms are tight, the walls are thin, and it’s just a matter of time before everyone knows everyone else’s business. Even when an owner has quietly decided to sell their practice, they should assume...
Posted by FP Transitions on July 22, 2020
Buyer Benefits of a Sell and Stay® Transaction
The Sell and Stay® approach to selling a financial services business was developed by the professionals at FP Transitions to fulfill the preference of many sellers to gradually exit the business by giving up their ownership obligations while...
Posted by FP Transitions on July 20, 2020
Don't Forget to Take a Vacation!
I recently checked in on a client and she mentioned that she had to remind her staff to take vacation. As a small business owner, she wears many hats including H.R. As she processed payroll week after week she noticed her staff wasn’t requesting...
Posted by FP Transitions on July 16, 2020
The Four Greatest Opportunities for Financial Advisors
Today’s Independent financial advisors face an endless array of challenges and opportunities. Identifying challenges before they arise is key for finding solutions and developing strategies for tackling the issues that present the greatest...
Posted by FP Transitions on June 10, 2020
Preparing for Success in the M&A Arena : Pre-Qualifying for Bank Financing
Acquiring a wealth management practice brings immediate growth and is an alternative to spending money and time on marketing to find new clients. That’s why there is currently an average 75-to-1 buyer-to-seller ratio. If you’re going to succeed in...
Posted by Mike McKennon on May 28, 2020
Monitoring the Health of Your Business with Annual Checkups
Completing an annual valuation on your business is the financial service industry equivalent of undergoing your annual physical. I’ll turn 55 this year and I have resigned myself to the fact that prescription medications have officially become...
Posted by FP Transitions on May 22, 2020
My First Virtual Conference!
I had been looking forward to attending the Investment News Women Advisor Summit, but when an in-person event was no longer an option I was excited when Investment News did the ultimate pivot and changed their all-day onsite Summit to a virtual...