Angie Herbers Forms New Advisor Consulting Company

What are the challenges facing advisory firm owners? “When you’re the owner of an advisory firm, you have all this information in your head. That can be overwhelming.” It’s important that firm owners have someone they can trust, she said, to deal with those overwhelming issues. “Often they don’t have a person on their team that they can trust” to provide objective advice. That’s where FourPointe can help, she said.

Beyond providing that trusted, objective advice, will FourPointe do anything different?

“In the past we’d have clients call us with problems and we’d have to work with them on a long-term retainer” basis to address those internal issues and foster growth. Now, however, she sees “many advisors who are in crisis, who need help immediately,” so FourPointe will provide that assistance in addition to their longer-term retainers.

The major crisis situations she sees with owner-advisors are “employees who quit and take some clients or they’re stuck with deadlines around succession planning; or a client service issue — you never know what crisis situation will impact the business.” In such a crisis, she said, “you’re not objective; we help that firm work through the issues so they can make better decisions quickly.”