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Posted by FP Transitions on February 21, 2024
The Rolling 5-Year Plan: Solving Succession Challenges
One of the best things about financial advisors and wealth management professionals – you love your job. You enjoy the puzzle and the prospecting. You enjoy the paycheck. And you enjoy your clients. We know this because we know you. This is what you...
Posted by FP Transitions on August 4, 2023
10 Reasons to Value and Monitor Your Practice
Experienced business owners recognize the importance of tracking and monitoring their firm's value over time. They know this business is one of their largest assets, and by measuring and monitoring it, they are enabling its growth, protecting its...
Posted by FP Transitions on July 24, 2023
Lending for Successors: What Advisors Need to Know
If you are preparing to become the successor of an RIA firm, you may have a lot of questions and concerns about how to negotiate the best deal and what lending options are available to help you finance the succession.
To help you answer these...
Posted by FP Transitions on July 3, 2023
Continuity is Not Succession
Often used interchangeably, the terms Continuity Plan and Succession Plan refer to very different business planning elements. Continuity plays an essential role in defining what happens upon a “triggering event”– sudden absence, disability, death...
Posted by EMS Team on July 26, 2022
How To Build the Best Continuity Plan for You
While continuity plans are required by the U.S. Security and Exchange Commission (SEC), many advisors stop at the bare minimum, leaving their firm open to major disruption, and potentially an eroded value that leaves family or colleagues holding...
Posted by FP Transitions on May 26, 2022
4 Tips for Building a Strong Foundation
Designing a sustainable firm is something that requires intentionality. For most advisors, this is always the goal, but having time to monitor your progress and course-correct is simply overwhelming. It gets shelved in the back of our brains, and...
Posted by FP Transitions on February 17, 2022
Continuity Partner Matching, a Benefit of EMS™ Professional
Recently, a client told us that since she had implemented a formal continuity plan, her clients have felt more comfortable adding assets to their portfolios now that their tenure with her business is protected. This stability of continuity is an...
Posted by Marcus Hagood on May 2, 2018
Six Steps to Creating An Effective Continuity Plan
The single, biggest threat to an independent advisory practice is not the lack of a succession or exit plan, it is the lack of a plan to protect client interests and business value in the event of an owner’s sudden death or disability. And still,...
Posted by FP Transitions on April 4, 2018
Safeguarding Your Value Through Continuity
Completing a formal valuation is step one. Step two is securing that value with a continuity plan.
Having a formal, written continuity plan in place for the unexpected exit of an owner–especially if they’re the only owner–is paramount to ensure...
Posted by Marcus Hagood on October 18, 2016
SEC Proposed Rule 206(4)-4 & Proposed Amendments to Rule 204-2 Business Continuity & Transition Plans
In past years, the slow and steady migration of independent financial service providers to the independent Registered Investment Advisory (RIA) channel has been well documented. As the number of state and SEC registered advisors continues to swell,...
Posted by FP Transitions on August 11, 2015
FREE Continuity White Paper
The single, biggest threat to a financial services business with one owner, or only one primary advisory, is not the lack of a succession plan. It is, in fact, the lack of a plan to protect the clients and the practice's value in the event of an...