successionplanning

A Graceful Exit Begins With A Well-Constructed Plan

2024-11-14T00:07:32-05:00

A Graceful Exit Begins With A Well-Constructed Plan by Jeff Nash, Founder & CEO, BridgeMark Strategies Published September 30 on Wealth Solutions Report Industry Veterans From Sowell, Cambridge And AmeriFlex Explain Timelines And Elements Of Succession Plans, And How Advisors Late To The Timeline Catch Up For business owners in any industry, a successful exit is an integral part of the business lifecycle, as it is the vehicle by which these entrepreneurs monetize their years of hard work and ensure their business – and its clients – are in good hands. In wealth management, demographic trends have put this strategic planning element in the spotlight. However, upwards of 25% of financial advisors – some studies put the number higher – do not have a succession plan in place. Our industry is looking at an overall decrease in total advisors. It’s forecasted that tens of thousands of advisors are retiring each [...]

A Graceful Exit Begins With A Well-Constructed Plan2024-11-14T00:07:32-05:00

Building a Bridge for M&A Succession Planning

2023-11-02T15:25:11-04:00

M&A activity in the wealth management space continues at a healthy pace despite headwinds that include higher valuations, increasing capital costs, ongoing market volatility and geopolitical unrest. Although the number and size of transactions are smaller than in years past, they are expected to grow going forward. And, like the industry itself, M&A is evolving in terms of its execution, intent and ultimate goals – for all parties involved. When entrepreneurial businesspeople see an opportunity, they take advantage. The aging financial advisor population presents such a lucrative opportunity for aggregators and expansion-minded RIAs to build scale within their businesses. While the question, “Is bigger always better?’ is an eternal one, for today’s strategic consolidators, bigger isn’t necessarily the goal, or at least not the only goal. Leveraging complementary resources, capturing services that fill an existing gap to better service clients, driving operational efficiencies and providing succession opportunities for NextGen professionals [...]

Building a Bridge for M&A Succession Planning2023-11-02T15:25:11-04:00