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Posted by FP Transitions on August 13, 2019
Preparing Yourself (and Your Boss) for Ownership
As a next-generation advisor, pursuing ownership as part of your career path is an important decision. Business ownership requires a variety of skill sets and comes with both benefits and responsibilities that go beyond the role of advisor. Before...
Posted by FP Transitions on August 13, 2019
NEW Roundtable Talk - Time : An Essential Element of Succession Planning
In our newest Roundtable Talk, Elite Client Consultant Kem Taylor and President David Grau Sr., JD, discuss the importance of time when it comes to planning, executing, and evolving your succession plan. During the conversation they cover examples...
Posted by FP Transitions on July 24, 2019
NEW Webcast - Advanced Strategies for Growth & Profitability
The growth and profitability of your business are interconnected. Top-line revenue growth is essential, but it is no good without bottom-line profitability.
Balancing growth and profitability comes down to compensation structure and the equity...
Posted by FP Transitions on July 17, 2019
Accessing the Next Stages of Growth
Over the last ten years, increasing numbers of advisors have begun the process of creating sustainable businesses. Many advisors started out as a book or a practice—one-generational models. They took steps to create much more valuable,...
Posted by FP Transitions on June 26, 2019
NEW Roundtable Talk - The Next Generation Opportunity
The transfer of ownership to a team of next generation talent allows a business to leverage the individual strengths and fresh energy of a younger generation. As a new advisor, ownership provides stability, equity stake, and voice in the future of...
Posted by FP Transitions on June 17, 2019
NEW Webcast - Issues Advisors Face
Independent financial advisors face an almost overwhelming set of challenges, but with challenges come opportunities. Many of these challenges fall into areas of:
- Mergers & Acquisitions
- Growth & Profitability
- Talent Retention
- Succession Planning
...
Posted by FP Transitions on April 24, 2019
NEW Roundtable Talk - The Synergy of Multigenerational Ownership
In our new Roundtable Talk, Founder and President, David Grau Sr., JD, and Elite Client Consultant, Kem Taylor, CBEC®, explore internal succession and describe how both the succession process and business growth can benefit from multigenerational...
Posted by FP Transitions on April 18, 2019
Rights and Obligations of Equity Ownership
As more wealth management businesses look to internal succession, more new owners are being created. As a next generation advisor, you should consider whether ownership is the right path for you, and it is important to understand what ownership...
Posted by FP Transitions on March 18, 2019
Creating Collaborators Instead of Competitors
A large percentage of advisory businesses use some form of revenue-sharing arrangements, or an eat-what-you-kill system, that rewards sales and production tied to the top line, not the bottom line. This is true of small practices as well as larger...
Posted by FP Transitions on January 30, 2019
Harnessing the Power of Mergers
Mergers are transactions that can take on many shapes, apply to almost any size advisory enterprise, and are infinitely customizable depending on the unique details and situations of the participating advisors.
Advisors commonly think of a merger...
Posted by FP Transitions on September 4, 2018
David Grau Sr., JD on Advisor2Advisor Podcast
Last month FP Transitions President and Founder, David Grau Sr., JD, joined Scott and Pat on the Advisor2Advisor podcast to discuss common concerns related to mergers, and an all too prevalent (and costly) mistake that some mature advisors make...
Posted by FP Transitions on June 21, 2018
Asking Your Boss for Ownership
As I talk with young advisors at local events and national conferences, I’ve increasingly heard concerns about broaching the topic of future ownership in the firm where they work. Some junior advisors have been promised ownership but don’t have...