Show notes
In this episode, Jeff and John discuss:
- Size, scale, and the evolving landscape of the financial advising industry.
- The elements of durability for your firm.
- Hiring and retention in wealth management firms.
- M&A and looking for a partner.
Key Takeaways:
- Scale is really the ability to build out people, processes, and technology in a way that makes the firm more profitable and/or improves the client experience.
- Culture and career paths are crucial in your firm to attract and keep top talent.
- Take care of your key people before they want to leave. Don’t wait until you’re desperate, be proactive about taking care of your people.
- M&A transactions are more about risk sharing now than they have been in the past.
"Before you can plan for a transaction, you have to know the kind of transaction you are looking for." — John Furey
Connect with John Furey:
Website: https://www.advisorgrowthllc.com/
LinkedIn: https://www.linkedin.com/in/jfureyags/
LinkedIn: https://www.linkedin.com/company/advisor-growth-strategies-llc/
Twitter: https://twitter.com/AdvisorGrowth
Connect with Jeffrey Concepcion:
Website: https://www.stratoswealthpartners.com
Contact: https://www.stratoswealthpartners.com/contact
Twitter: https://twitter.com/Stratos_Wealth