LPL’s Commonwealth Acquisition: What Advisors Near Retirement Should Know
The Shockwaves of Consolidation In wealth management, consolidation is often framed as progress. Announcements speak of efficiency, synergy, and...
The financial advisor industry is rapidly approaching the crest of its retirement wave, yet many advisors nearing retirement don’t have a succession plan in place.
Industry research shows that four out of ten advisors will retire in the next 5-7 years, while some broker dealers report that nearly half of their advisors will retire in five years or less. Less than 20% of these advisors have a succession plan in place.
Why it matters: Without a succession plan, advisors put their practice and themselves at great financial risk and limit their options for how and when they execute their transition.
A 35-year veteran of the industry, Whitbeck’s experience, industry knowledge, and track record make him a powerhouse ally for financial advisors and industry leaders. With certified third-party business valuations, legal and lending support partners, and a proven acquisition process, Whitbeck and his team of experts have helped hundreds of financial advisors build, manage, protect, and successfully transition their practice.
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The Shockwaves of Consolidation In wealth management, consolidation is often framed as progress. Announcements speak of efficiency, synergy, and...
When you’re evaluating offers to sell your advisory firm, are you also asking yourself how well your buyer will protect your client relationships and...
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