About Jeff Nash

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So far Jeff Nash has created 67 blog entries.

Business Exit Strategy & What You Need to Know


Exit strategizing, also known as a Succession Plan or even a Succession Strategy, is one of the most important aspects of business--it's also one of the most overlooked. The simple difference between a succession plan and a succession strategy is the length of time before trying to implement it. A succession plan tends to be short-term or more immediately executed, whereas a succession strategy is often worked on over many years. Most business owners only consider an exit strategy or succession plan when they're ready to retire or sell their businesses. However, there are many reasons you might need a succession plan or succession strategy, even if you plan to continue running your business for years. Here's your guide to business exit strategy and what you need to know. Afterward, if you have any questions about planning your strategy, contact our team at Bridgemark Strategies for a confidential no-obligation consultation. Start [...]

Business Exit Strategy & What You Need to Know2022-09-27T12:07:19-04:00

How to Find a Successor: 8 Helpful Tips


When the time comes to retire, it's crucial to have a plan for finding a successor. Your business is your life's work, and you don't want to hand it over to just anyone. You need someone who can carry your legacy and take your business to the next level. Read on for eight tips on how to find a successor for your company. Follow these pointers, and you'll be able to rest easy knowing that your business is in good hands. What to Look for in a Successor While it may seem like finding a successor is all about luck, there are certain qualities you should look for. After all, this person will take over your life's work, so you want to ensure they're up for the task. The ideal successor will have: The skills and knowledge necessary to run your business A real interest in what you do and how [...]

How to Find a Successor: 8 Helpful Tips2022-09-01T13:52:11-04:00

How to Determine How Much Your Financial Advisor Business Is Worth


The process of determining the worth of any business is known as “valuation." And if you've built a financial advisor business, you ought to know how to determine how much your financial advisor business is worth. Business owners don’t just go through this process when they need to sell their business. They might determine their company’s value when securing new investors or even applying for business financing, but most importantly for many financial advisors, it may be a part of your estate and retirement planning as often the value of a financial advisor’s business may be one of their largest assets. Read on to learn more about evaluating your business' worth. If you have any other questions, remember to contact our team at Bridgemark Strategies for a complimentary consultation. Get Your Answers Compare Your Business to Others (Market Value) This method is less direct and requires some research on your part. [...]

How to Determine How Much Your Financial Advisor Business Is Worth2022-08-09T13:34:43-04:00

5 Things to Consider Before Switching Broker-Dealers


Switching broker-dealers can be a little intimidating. But if you know what questions to ask, you can gain more confidence as you navigate the process. The goal is to make a change that provides you greater stability, benefits, and peace of mind. To find the right broker-dealer, consider asking these five important questions. […]

5 Things to Consider Before Switching Broker-Dealers2022-07-29T15:31:44-04:00

Is Becoming an RIA Right for You?


There was a time when financial advisors were reliant on the size of their Rolodex and how close they were to Wall Street to grow their business. However, the advent of technology, more high-net-worth clients seeking out personalized services, and increased transparency from a fiduciary have led to a new class of wealth management professionals called Registered Investment Advisors (RIAs). […]

Is Becoming an RIA Right for You?2022-07-29T15:29:37-04:00

Savvy RIAs Leverage Fintech to Enhance the Client Experience


The most effective registered investment advisors (RIAs) have a knack for providing clients with timely advice that helps them bolster their financial health and protect essential assets. However, top-tier advisors can also take full advantage of emerging financial technologies, more commonly known as “fintech," to enhance the overall client experience. Fintech has forever changed the RIA industry and will continue to shape it in the coming years. If a registered investment advisor wants to be counted among the best in their field, then they must learn to leverage fintech. Benefits of Fintech for RIAs Here are the advantages of fintech: Improved Collaboration Fintech can improve every interaction between RIAs and their clients. Financial advisors can also use fintech to enhance the level of transparency with which they operate. Many fintech tools also have client-facing applications or interfaces that allow individuals to review their portfolio simply by opening a mobile app. These types [...]

Savvy RIAs Leverage Fintech to Enhance the Client Experience2022-06-24T10:25:21-04:00

Can I Sell My Small Business or Should I Hire an Advisor?


The successful sale of your business is the culmination of many years of hard work and commitment. You may receive unsolicited offers to buy your business or perhaps you’re actively seeking a buyer. Regardless of your situation, selling your business is a major decision that requires careful thought, planning, and attention to detail. […]

Can I Sell My Small Business or Should I Hire an Advisor?2022-07-29T15:28:57-04:00

Financial Advisor Movement: Advisors Tend to Affiliate with Smaller Groups


Financial advisors have a wide breadth of choices when it comes to where they work. Some choose to work for large companies that may house up to 500 other advisors in one location, while others choose to go the boutique route. Boutique financial advisory companies may have a dozen or so employees. […]

Financial Advisor Movement: Advisors Tend to Affiliate with Smaller Groups2022-05-17T12:39:53-04:00

Client Segmentation for Financial Advisors


When properly implemented, client segmentation has the potential to significantly improve the growth rate and bottom line of an RIA.  Client segmentation even has the potential to bolster RIA efficiency and client retention.  The challenge lies in determining and implementing client segmentation the right way.  Let’s delve into the process and benefits of client segmentation for financial advisors. […]

Client Segmentation for Financial Advisors2022-05-17T12:34:58-04:00

Finding the Right Consultant to Help Move Your Business


Finding the optimal consultant for the sale or movement of your business should not feel like mission impossible.  Finding the right advisor takes research and time. We’ll go in-depth about what characteristics your advisor should have, how to choose the right consulting firm, and more, so you’re better prepared when selling or moving your business.  But don’t feel like you have to do this alone.  The consultants at Bridgemark Strategies are here to help you every step of the way. […]

Finding the Right Consultant to Help Move Your Business2022-04-19T11:59:28-04:00
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