Taking Equity In An Acquiring Aggregator: Weighing The Growth Opportunities Against Valuation And Illiquidity Risks
Although many advisors looking to sell their practices are ready to retire and cash in on the enterprise value they’ve spent their...
Managing Legacy Investments: 6 Best Practices To Reduce RIA Fiduciary And Compliance Risk
While financial advisors often have discretionary control over a client’s entire investment portfolio, sometimes new clients enter an...
How Seller Multiples For Advisory Firms Get Reduced Post-Deal By Retention And Earnout Growth Contingencies
When selling a business, it’s only natural to want to negotiate for the highest price you can. In the context of the advisory...
Why A 14X EBITDA Sale Price In Headlines Often Really Isn’t By The End
For most of their history, advisory firms were incredibly illiquid small businesses, and founders had to spend years or even a full decade...
Private Fund Due Diligence: A Checklist For Reviewing Governing Documents And Operational Controls
For most of our history, the domain of the financial advisor has been helping clients to invest their savings in publicly traded stocks and...
Addressing Clients’ Cognitive Decline: Regulatory Responsibilities And Measures To Mitigate Risk
Financial advisors have a fiduciary duty to their clients, meaning that they must take the client’s interests into account when...