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...
After years of mass consolidation and open market sales marked by big payouts and ever increasing multiples, advisors are now looking inward for a succession strategy.
Why It Matters: The trend moving away from external successions to internal successions marks a major attitude shift in the industry. Once dominated by lifestyle practices and founder centric brands that were more about meeting the needs of a single advisor, the advisory industry is shifting toward a team/enterprise model focused on longevity and collaboration.
Take Action: If done well, internal successions lead to better outcomes for founding advisors, successors, staff, and clients. Here’s what you can do to take action now:
Get Help: If you’re not sure where to start, our team of succession experts can guide you. There is no cost or obligation for speaking with us.
Go Deeper: We developed two white papers to guide you through the decision to go the internal succession route, and what founders and successors need to know to develop, finance, and execute a sound transition plan.
Learn about the benefits of internal successions, review key questions to ask before committing to an internal succession, and read case studies from other practices who have done internal successions.
In this white paper, we team up with PPC LOAN to provide a comprehensive guide for founders and NextGen advisors to prepare for, structure, and finance an internal succession.
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...
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