Succession
Building a Business That Can Outlive You
Independent financial service practices that are set up as entities (C-corporation, S-corporation, or a Limited Liability Company) have some powerful advantages over a basic sole proprietorship model.
Equity Compensation – A Powerful Weapon
How do you find and retain employees who have the capacity to “think like an owner?” One answer is equity based compensation - a powerful tool if you know how to use it.
The Truth about Succession Planning in this Industry
After more than ten years of pioneering and studying the succession plans utilized in the financial services industry, I can report that the number one succession planning strategy used by independent financial advisors is: attrition.
How to Apply a Minority Discount
If you’re thinking about selling stock in your advisory business to one or more employees (or a son or daughter), you need to know about minority discounts.
Building A Foundation For Success (Part 3)
For most owners, it is a combination of factors and misunderstood issues that sidetrack the process before it even begins.
