TRANSITION TALK :: Blog | Succession Planning (2)

Posted by FP Transitions on June 3, 2022

Applying Our Own Advice to Ourselves, Not Just Our Clients

"Think about those future goals."

"Hold steady and don't react to the market."

"Remember, we have a plan and it's still well on track."

Throughout the market roller coaster of the Pandemic and now with 2022 rearing its head, advisors are getting...

Posted by FP Transitions on March 29, 2022

Succession Planning Course Corrections

Succession planning is a critical, foundational element in building a sustainable business. Incorporating new talent into your ownership structure is a process that takes continuous planning, evolution, and monitoring. When done correctly,...

Succession Planning, Selling Your Practice, Sustainability

Posted by FP Transitions on March 8, 2022

Enhancing Your Successor Traits as a Woman in Wealth

Enhancing Your Successor Traits as a Woman in Wealth

Written by Jess Flynn, Communications Director at FP Transitions

Recent Bureau of Labor Statistics data details that women comprise 47% of the workforce, but just 29% of senior management...

Posted by FP Transitions on February 23, 2022

LLC vs. Corporation. Which entity structure fits your goals?

Building a solid foundation for your business begins with selecting a legal entity and tax structure that will be most beneficial for your circumstances. When choosing the right entity for...

Posted by FP Transitions on January 3, 2022

The Sell and Stay® Strategy

Everyone has a unique vision of their future; we’re all trying to forge a path with our careers to that end goal where we can take a big breath and simply enjoy the life we’ve earned. While we might have an idea of the specific journey we will...

Posted by FP Transitions on January 28, 2021

Aligning Ownership Priorities for Success

In our more than twenty years’ experience helping businesses design and implement internal succession plans, we’ve seen that each generation—G1, G2, and G3—can, naturally, have their own distinct points of view and priorities. These differences are...

Succession Planning, Acquisition, Business Growth, Next Generation

Posted by FP Transitions on December 8, 2020

Managing Roadblocks Along the Next-Gen Ownership Path

When it comes to planning for the future, flexibility is important. Change is bound to happen–whether we see it coming or not. Planning for future growth and ownership of a business is no different. As a next-generation professional in this...

Posted by FP Transitions on October 28, 2020

The Case Against Revenue Splits [Article]

With all of the modern tools for practice valuations and Equity Management Solutions® available, some financial advisors still choose to use revenue splits, or a revenue-sharing arrangement, as a makeshift succession plan. For a practice owner, this...

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...

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...

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 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...