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Posted by FP Transitions on August 26, 2024
Addressing Capacity to Combat Stagnated Growth
There comes a point for many wealth management businesses where they find that though they have grown successfully over the years and increased their value leaps and bounds, they are a unable to move the needle in the increments they’re used to. The...
Posted by FP Transitions on December 4, 2023
Preparing for the Next Tranche in Your Succession Plan
Your firm’s succession plan is designed to gradually transition ownership, leadership, and growth responsibilities to the next generation of advisors. The goal is sustainability of the firm, and it is accomplished through a plan that coordinates...
Posted by FP Transitions on December 4, 2023
Building the Right Team to Support Your Business Priorities
One of the most difficult challenges for independent advisory businesses is finding and retaining the professionals they need to service a growing client base and perpetuate sustainability. The talent pool is extremely competitive, especially in the...
Posted by FP Transitions on November 6, 2023
Mergers - A Nontraditional Growth & Acquisition Strategy
Mergers & Acquisitions – everyone’s favorite topic. Understandably so when one of the fastest ways to grow is to acquire and as such, add exponentially more clients (and assets) to your business in one fell swoop.But what about mergers? Mergers are...
Posted by FP Transitions on November 1, 2023
The Three Pillars of a Successful Advisory Business
In my work in years past, I became a professional traveler. I spent a lot of time in airports, and I got to talk to many of the pilots. Airline pilots are adventurous souls who enjoy finding ways to go faster, fly higher, and see things from a...
Posted by FP Transitions on November 1, 2023
Purpose, Perspective, Premise — the Three Ps of Business Valuation
Purpose, perspective, and premise are the foundations of business value. With these three key aspects we can weigh an incredible amount of detail and data to determine the most accurate value of the business–for any circumstance. The more accurate...
Posted by FP Transitions on October 3, 2023
Business Insights Solving for Growth & Capacity Constraints
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Posted by FP Transitions on September 6, 2023
Top 10 Drivers of Business Value
The value of your practice is determined by many factors, some obvious, and some not so obvious. And the degree to which some aspects impact your value more largely depends on the reason you’re valuing the business in the first place.
Whether...
Posted by FP Transitions on June 20, 2023
Defining Your Enterprise: What Are You Building?
For our clients, the courses of action may differ, but growth is the number one priority. The goal could be to grow and then sell it to a third party for maximum value. Alternatively, the aim could be to create a sustainable enterprise capable of...
Posted by FP Transitions on June 19, 2023
Solutions to the Advisor Marketing Yo-Yo Effect
End the Cycle: How to Make Marketing a Constant Business GeneratorMarketing powers growth, which is why it’s a priority when we’re in need of more business. But over time, with great marketing, business starts booming. That’s when many advisory...
Posted by FP Transitions on June 8, 2023
Elements of A Winning Recruitment Strategy
Whether you’re looking for seasoned talent or up-and-coming professionals to fill out your team, a winning recruitment strategy is built with intention. It's not just about the role you need to fill, but also about identifying the type of person...
Posted by FP Transitions on April 11, 2023
Tips for Increasing Firm Value
You invest a substantial amount of energy into running, growing, and evolving your business. Knowing when, where, and how to best direct your efforts could mean the difference in thousands, or even millions, of dollars long-term. Having spent two...