Genworth Financial Wealth Management on Monday announced the launch of its Business Transition Services program, which includes lending services for advisors looking to expand their practices. The new offering is to “support advisors who are considering a transition in their business, whether for growth through acquisition or eventual transition or retirement, according to the company.
“We have developed Business Transition Services to support advisors who are considering a transition point in their business, whether they are looking to grow through acquiring another practice or are planning their eventual transition or retirement,” Matt Matrisian, senior vice president and director of practice management for Genworth Financial Wealth Management, said in a statement.
Genworth is working with The Bancorp Bank to provide access to financing for advisors. To be eligible for the lending program, advisors must meet certain qualifications from both Genworth Financial Wealth Management and The Bancorp Bank.