article thumbnail

The Succession Conundrum: How Advisors Can Balance Legacy and Liquidity

Diamond Consultants

Namely, even when senior advisors have a rockstar inheriting advisor in place, these Gen 2 advisors seldom have the capital at hand to facilitate the purchase of the book in a timely and orderly fashion. After all, shouldnt the retiring advisors be compensated fairly for their lifes work? But is that fair?

article thumbnail

Adviser links: success rates

Abnormal Returns

(citywire.com) Mariner Wealth Advisors has purchased institutional consultant Cardinal Investment Advisors. advisorperspectives.com) Why you might want a valuation of your advisory practice, even if you aren't planning to sell. thinkadvisor.com) How technology is helping advisers do their real job - helping clients.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

What is a Stepped Up Basis? Cost Basis of Inherited Stock and Other Assets

Darrow Wealth Management

You’ll need to fill out paperwork with the custodian if there isn’t a financial advisor managing the accounts. Similarly, interests in a closely-held business will also need a professional valuation. Darrow Wealth Management is afee-only financial advisory firmand full-timefiduciary.

Assets 98
article thumbnail

401(k) Record Keepers Facing Existential Moment

Wealth Management

trillion and 121 million participant accounts along part of the $37 trillion overall in retirement assets, the pressure is causing many record keepers to dig deep and, for many, reinvent themselves or face exiting the market before their valuations drop even further just as it did for active asset managers years ago.

article thumbnail

10 Brilliant Financial Advisor Websites from Osaic That Drive Results

FMG

The homepage leads with the CTA button to Get Your Business Valuation and the navigation bar includes a CTA to Get Your Growth Plan. Heimensen Wealth Advisors The Heimensen Wealth Advisors homepage is a collection of resources that position the firm as a knowledgeable financial coach.

article thumbnail

Why Some RIAs Have Launched Their Own ETFs

Wealth Management

Richard Tomney, managing director and head of wealth advisor solutions at Little Harbor Advisors, a boutique investment firm that also consults RIAs on ETF launches, said his team prefers to see at least a portion of the ETF seed money come from SMA conversions.

article thumbnail

Valuations

Carson Wealth

Carson Wealth’s Thom Hall CFP®️, ChFC ®️, CExP , CEPA Managing Director, Partner & Wealth Advisor and Rick Krebs CPA, CEPA discuss the importance of an accurate valuation when considering a business exit.  Rick Krebs and BSales Group are not an affiliate of Cetera Advisor Networks, LLC, or CWM, LLC.