You’ve been building your firm For a While Now.
But now you are starting to wonder how you will transition to the next phase of your life while making sure clients and staff are taken care of.
You are facing four Options:
Option #1: Source the next generation
Maybe you have a young and budding potential candidate in-house already or are thinking about bringing a fresh new face into your organization. Both scenarios create three gigantic risks:
- Do they want to buy the firm from you?
- Can they afford to buy the firm from you?
- What if they quit on you in the middle of a succession plan? This could take 5 to 10 years to divest yourself. It’s a risk-on scenario for you and your family. And you will likely not attain maximum value for what you are building.
Option #2: Pick out a PE firm
They’ll inject capital into your business allowing you to take chips off the table. But now the pressure is on as PE firms expect returns. This strategy will help you de-risk, but it’ll add other uninvited pressures. And you’ll be committed to working another 5 to 10 years and answering to others. If you are wearing the current hat of financial advisor, that will take a backseat as most of your time will be spent on growing the firm. And in 5 years, you’ll be answering the same question: now who do I sell to?
Option #3: Merge into a Big Box RIA
You know the names of the big RIAs out there buying any RIA with a pulse. You read about them all the time. They’ll swoop in, buy your revenue and turn you into a line item on their spreadsheet. You might be unburdened and financially free, but your staff will likely get run over in the process. And your clients will likely go from a relationship to an account number.
Option #4: Join The Retirement Planning Group
We’ve helped other advisors, just like yourself, maximize client retention, maximize staff opportunity, and maximize value. We have departmental infrastructure, a national presence and a fully dedicated M&A team. We have all the financing lined-up, and from LOI to Close it is 6 to 8 weeks.
We make this process clean, simple and easy. More importantly, we make it personal. You aren’t just another number and we’ll create the perfect landing spot for you, your clients and your staff.
Let’s grab some time for a quick call.
Option #4: Join The Retirement Planning Group
We’ve helped other advisors, just like yourself, maximize client retention, maximize staff opportunity, and maximize value. We have departmental infrastructure, a national presence and a fully dedicated M&A team. We have all the financing lined-up, and from LOI to Close it is 6 to 8 weeks.
We make this process clean, simple and easy. More importantly, we make it personal. You aren’t just another number and we’ll create the perfect landing spot for you, your clients and your staff.
Send us a text to schedule an anonymous meeting.
Every firm you talk to will tell you they are great at what they do.
The proof is really in how clients feel about the firm. See what our clients have to say about TRPG.