As an advisor and small business owner, you should use a formal equity structure, such as an LLC or corporation. This is a normal step for most independent RIAs, but is slightly more complicated for independent registered reps since you are personally licensed and compensated. In addition, the recent advisor IRS tax court case even further confused most advisors and their local tax/legal counsel. It is important (and indeed possible) to set up and use an entity as it will help you in almost all cases. The reasons why might surprise you.
Join us as we talk about the 3 key reasons why you shouldn’t be operating as just a sole proprietor and most importantly, HOW you can set this up correctly the first time. Whether you already have an entity or looking into how you can set up and use one compliantly, join us to learn about why you need one, how to do it, and how SRG can make the process turnkey for you.
About David Grau, Jr., MBA:
David Grau Jr. is the founder and CEO of Succession Resource Group. He is currently one of the leading speakers in the financial services industry on mergers and acquisitions of independently owned financial services firms, as well as valuation strategies and practice continuity issues, with over 200 presentations to his credit. In the past five years, he has spoken at variety of the industry’s leading firms, including LPL Financial Services, Wells Fargo, Ameriprise Financial, MetLife, ING, AIG, Fidelity, Jackson National, Prudential, FSI and at many FPA chapters around the country.
As an expert on advisor valuation, acquisition and succession planning, David has assisted hundreds of advisors and other professionals buy, merge, sell, and craft their transition plan for the sale of their business over the last decade.