What is a continuity partner matching opportunity?
This is a chance to become a partner in a buy-sell agreement with another firm, covering scenarios like death or disability. This service, provided by FP Transitions, matches advisors together who are seeking continuity protections but do not have prospective partners in their existing networks. Introductions are made by reviewing detailed inquiry messages and determining the most appropriate match.
What does the continuity partner matching process look like?
Based on your inquiry and match strength, we will share your information with potential partners. If they are interested, they will reach out to you directly. Before any conversations, both parties will need to sign a mutual non-disclosure agreement to protect your information.
How do I inquire about a continuity partner match opportunity?
First, review the details about the prospective partner firm. Then, click "Inquire Now" at the bottom of the page. Complete the form, providing a clear and concise explanation of why you believe you are a good fit for the opportunity.
Are EMS™ member inquiries prioritized?
No, all inquiries submitted are reviewed and considered regardless of paid membership status. That being said, EMS™ members receive priority notification and tend to be more successful in moving forward in the process because their membership services improve their business’s ability to meet seller criteria and submit a well-articulated inquiry. EMS™ members have taken action to monitor value and improve their business which not only produces a more valuable candidate but demonstrates the businesses commitment to growth. Through their membership, they also have access to consultants that help them to build a targeted acquisition strategy–including continuity partnerships–and how to match their priorities with the details of a listing to give them a good idea of a match before they inquire.
Additionally, EMS™ members can access inquiry support which makes them better able to articulate their fit in an inquiry message and tailor it to the specific acquisition or continuity partner match opportunity.
How long will it be before I hear back about my inquiry?
You will receive a confirmation once your inquiry is received. It will be shared with the potential partner for review, and they will contact you directly using the provided contact information.
Do I need to have a continuity plan in place before I submit a continuity partner match inquiry?
Having a continuity plan is not required, but it is highly recommended. Click https://www.fptransitions.com/EMS™ to become an EMS™ member and get your continuity plan in place.
What qualifications should a continuity partner have?
A potential partner should be willing and able to commit to a buy-sell agreement based on the provided information from the partner-seeking business.
Is a continuity partner the same as a succession partner?
No, a continuity partner specifically covers scenarios like death or disability. However, some agreements may include a right of first offer if the business is sold.
