As any enterprise grows, it becomes more bureaucratic in order to cope with the increased complexity of its business. When that happens to a financial advisory practice, it can make the advisor feel stagnant, despite his or her success
This book is entitled Financial Recovery in a Fragile World.
No matter how simpatico you may feel about your partnership with another advisor, it’s crucial to plan for the possibility that your relationship will encounter rough waters if and when you decide to part. Reduce the friction by planning ahead
George Hartman, managing director at Accretive Advisors, explains why it’s important to communicate your succession plan to stakeholders at every stage of the process. Let our clients, partners, staff, dealer firm and family know how your plans will affect them. He spoke with Gavin Adamson at the TMX Broadcast Centre in Toronto.
Should we park our emotions at the door when making investment decisions? Definitely not, this author argues. They should be treated as any other pieces of data that affect our choices
If you want to be a successful buyer in a seller’s market, you must stand out against all the other advisors who might also want to bid on a practice that is for sale. Position yourself as the buyer of choice well in advance
Most advisors wait far to long to implement a succession plan, says George Hartman, managing director at Accretive Advisors. A good plan can take several years to perfect and put in place. Hartman outlines what needs to be done and how long it will take. He spoke with Gavin Adamson at the TMX Broadcast Centre in Toronto.
George Hartman, managing director at Accretive Advisors, continues his discussion of succession planning for advisors. In choosing a successor, he suggests you consider how you want your clients to be treated once the business is transferred. This will allow you to identify and evaluate candidates based on how well they meet the needs of your clients. He spoke with Gavin Adamson at the TMX Broadcast Centre in Toronto.
Most business owners planning a sale or nearing retirement, including many financial advisors, are poorly prepared for the transition. This new book can help
An inevitable result of a successful practice is that you can’t possibly do everything yourself. If you are concerned that others will not be able to perform some tasks to your satisfaction, it’s time to confront those concerns and learn to delegate