Show notes
In this episode, Jeff, Liz, and Peter discuss:
- How Peter and Liz made their way into the financial industry and into their current roles at Raymond James and Silver Lane Advisors.
- Recognizing business ownership in the advising industry.
- Traits and characteristics of the best run firms.
- Understanding the value proposition between buyer and seller.
Key Takeaways:
- Succession planning is at a critical stage in the advising industry.
- Time can be your enemy if you haven’t planned ahead on how to preserve your value to the next generation.
- The team dynamic is invaluable, despite being intangible, to the strength of your firm.
- Don’t make the concession on fees, you’ll regret it later. You do justify your value proposition.
"For this industry, who has done such a great job taking care of their own clients, it’s time to reflect inward." — Liz Nesvold
Connect with Liz & Peter Nesvold:
Twitter: @FIGbankers
Website: SilverLane.com & RaymondJames.com
Book: The Art of Distressed M&A and The Art of M&A Valuation and Modeling
LinkedIn: Elizabeth Nesvold & Peter Nesvold
Connect with Jeffrey Concepcion:
Website: https://www.stratoswealthpartners.com
Contact: https://www.stratoswealthpartners.com/contact
Twitter: https://twitter.com/Stratos_Wealth
Facebook: https://www.facebook.com/stratoswealthpartners
LinkedIn: https://www.linkedin.com/in/jeffconcepcion1/