2014 Broker-Dealers of the Year—Scenario 3: SEC Imposes Fiduciary Standard on Reps
How would top BDs handle this scenario? "In many ways," says Eric Schwartz of Cambridge, "we're in a fiduciary world already."
The Price of Dithering on Exit Planning
One of the hardest decisions for a business leader to make is when to exit.
Save the Advice Industry! Hire a Retirement-Plan Intern
Bringing a college student on board can boost your business in both the short and long term.
Assigning an Advisory Contract After a Merger: Ask Permission or Beg Forgiveness?
Clients must be consent to their contracts being assigned to another advisor. So what constitutes “consent” and what does “assigned” mean?
Alternative to a Spousal Lifetime Access Trust: One-Way Buy-Sell Deal
A one-way buy-sell agreement can ensure that a business-owning client’s dual goals—spousal income security and an orderly business transition—can be met.
5 Issues Advisors Must Consider When Selling Their Practices
Revenue multiples are just one component that advisors need to consider. Others include amount of down payment, taxes and earnouts.
ESOPs: A Tax-Advantaged Business Succession Plan
Employee stock ownership plans can serve a number of purposes for your small-business clients, including a solution for how to exit the business upon retirement.
3 Advisor Succession Planning Lessons From ‘Tommy Boy’: When Family Is Involved
A classic (?) Hollywood film offers some serious guidance for real-life advisor succession and continuity plans.
Getting Your Succession Planning Back on Track
To move beyond any roadblocks in the process, write a heartfelt letter to your successors to get reconnected to the ultimate goal.
DFA Partners With Dave DeVoe on New Succession Planning Program
The new program aims to help its advisors develop written succession plans, and they’ll get a valuation of their firm’s worth from Dave DeVoe.