Secrets of Succession
https://youtu.be/LnYkDV7o6Ls As an advisor, you have likely built a business of substantial value. Unlike other businesses, your most valuable asset is the relationship you’ve built with your clients, which commands time and commitment to ensure a successful transition near the end of your career. Understanding your value, key drivers and detractors, and how to develop a strategy to receive the value of your practice is becoming increasingly important and challenging. Succession Resource Group provides the: Most up-to-date market data on the value of your business, How financial services business can and should be valued, Succession Planning Mistakes Current deal terms, Recommendations for improving your value, 3 tips when selling, and 2 pitfalls every advisor should avoid
3 Mistakes to Avoid With Your Succession Plan
https://youtu.be/JpkbUFUPiN4 Succession Planning Mistakes and How to Counter Them Developing a succession plan to transfer your business will ensure your business to continue to thrive when you are ready to slow down. You will be able to retain and attract the best team, sustain growth while you work less, and realize some or all of the value over an extended period of time. To do this, it helps to know what to expect, the common succession planning mistakes and how to counter them. Succession plans are as unique as the business and owners they are developed for. Knowing this, long time succession advisor to advisors, David Grau Jr. provides you with the 3 most common succession planning mistakes made by financial advisors and the remedy for each. Join the webinar to learn the most frequently asked questions and our expert’s answers on how to do succession planning for financial advisors right, when to start, and how to make sure you get the most for your practice when you are ready to retire. 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 a 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.
How and Why to Use an Entity With Your Broker-Dealer
https://youtu.be/-U1eq1LfNfk Using an Entity with a Broker Dealer Almost half of advisors affiliated with a broker-dealer use an LLC or S-Corp., but almost none are set up appropriately for the IRS. In this session, we will start with why every advisor should think about setting up an entity to operate their business, what are the most important steps and which are most often missed (and what the implications are), as well the toughest part – how to set up and use the entity correctly to avoid future issues and minimize audit risk. Whether you are thinking about setting up an entity or already have one, attendees will learn how to do it right or confirm they are part of the minority doing everything correctly! Entity Expert Speakers David Grau Jr., MBADavid Grau Jr. is the founder and CEO of Succession Resource Group, a succession and M&A consulting company for advisors. Prior to launching SRG, David was the leading M&A consultant for a well-known succession planning firm to advisors where he led and developed numerous programs for RIAs. David is a published author and accomplished speaker, and has been interviewed and cited in dozens of publications over the last decade. Nicole Frey, CFP®Nicole is the Senior Project Coordinator at Succession Resource Group. Until her relocation to Oregon in 2014, Nicole worked as a senior legal assistant for a law firm in Washington for seven years where she managed multiple cases, communicated with clients/courts/government agencies, as well as drafted pleadings and legal notices. Nicole brings extensive experience in contract preparation and project coordination to our SRG clients.