From Finacial Planning
Added on May 2016 in M&A Issues
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Summary: Advisers have a unique opportunity to help entrepreneurs who may not have considered developing an exit plan from their business. It starts with a conversation that doesn't leave wealth managers looking like they are nosing around or foolish because they are asking about a client’s business.
From SEI
Added on May 2016 in M&A Issues
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Summary: There has been a lot of talk that the DOL fiduciary rule will push advisors to merge or be acquired by larger firms. In fact, a few firms have started to advertise that they are looking for independent firms to come into their fold, promising scale and efficiencies –especially around compliance – that smaller firms (and individual advisors) can only dream about.
From The Partnership Resource
Added on May 2016 in M&A Issues
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Summary: We’ve worked with many successful partners who attribute some of the strength in their partnership to time spent in social activities as they got to know each other: golfing, biking, weekend travel with spouses. Yet we continue to see partners seeking mediation who had terrific social relationships but have profound problems in their business partnership.
From Financial Advisor IQ
Added on May 2016 in M&A Issues
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Summary: During the negotiation process of selling their advisory firms, some common mistakes FAs make might just cost them the deal, the Wall Street Journal writes.
From Wall Street Jornal Online
Added on May 2016 in M&A Issues
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Summary: Even advisers with decades of experience buying and selling investments for clients may have no experience selling a financial advisory practice.Experienced advisers sometimes make rookie errors when they look to sell their firm or merge it with another, experts say.
