RoadR Succession Solutions

01/07/2022

Considerations for Implementing a Phased Retirement Program

Employers must decide whether to have a formal or informal program, as well as what benefits to offer those employees making the transition.

https://www.plansponsor.com/in-depth/considerations-implementing-phased-retirement-program

Benefits December 29, 2021 Considerations for Implementing a Phased Retirement Program Employers must decide whether to have a formal or informal program, as well as what benefits to offer those employees making the transition. Reported by Ed McCarthy Art by James Yang One of your most valued, long-...

01/06/2022

How senior financial advisors can transition clients to younger staff

Advisors who fail to implement a succession are at risk for high client attrition and losing prospects.

https://www.benefitspro.com/2021/12/21/how-senior-financial-advisors-can-transition-clients-to-younger-staff/?slreturn=20220003131749

Advisors who fail to implement a succession are at risk for high client attrition and losing prospects.

01/05/2022

Private Advisor Group Selects Merchant as Strategic Partner

Merchant embraces commitment to enhancing the financial advice profession. This strategic partnership provides access to additional capital to fund long-term growth solutions for financial advisors, RIA leaders and investors nationwide.

NEW YORK & MORRISTOWN, N.J., December 17, 2021--Private Advisor Group, one of the leading Registered Investment Advisors (RIA) in the U.S., has entered into an agreement which includes a non-controlling, minority investment from Merchant.

01/04/2022

Q&A: Advisory Services Network's Tom Prescott on the Market for Smaller Advisors
Advisory Services Network has grown by catering to one of the most underserved slices of the industry—the small advisory practice.

https://www.wealthmanagement.com/people/qa-advisory-services-networks-tom-prescott-market-smaller-advisors

Advisory Services Network has grown by catering to one of the most underserved slices of the industry—the small advisory practice.

01/01/2022

Q&A: Advisory Services Network's Tom Prescott on the Market for Smaller Advisors

Advisory Services Network has grown by catering to one of the most underserved slices of the industry—the small advisory practice.

Advisory Services Network has grown by catering to one of the most underserved slices of the industry—the small advisory practice.

12/31/2021

Succession Planning Marketplace Evolves

While plan advisers often discuss the importance of succession planning with plan participants or wealth management clients, they might need to follow their own advice when evaluating plans for their business.

A 2018 study by the Financial Planning Association (FPA) found that more than 90% of advisers recognize the risks associated with not having a succession plan, but just 27% had a plan in place to transition when they no longer want to work full time.

While plan advisers often discuss the importance of succession planning with plan participants or wealth management clients, they might need to follow their own advice when evaluating plans for their business.

12/30/2021

Wall Street's top cop is collecting $18 million and censuring McKinsey & Company 's in-house RIA, after finding it had no process in place to prevent active McKinsey partners with insider information from directing investments in "wilful" violation of federal law.

McKinsey's $31-billion RIA for McKinsey staffers pays $18 million fine, a real 'slap on the wrist' considering 'repeated violations' related to having zero recusal process for insiders in its compliance plan, a lawyer says

read on:
https://riabiz.com/a/2021/12/21/mckinseys-31-billion-ria-for-mckinsey-staffers-pays-18-million-fine-a-real-slap-on-the-wrist-considering-repeated-violations-related-to-having-zero-recusal-process-for-insiders-in-its-compliance-plan-a-lawyer-says

Federal regulators allowed McKinsey to settle without admitting insider trading violations for its in-house RIA but censured the firm and ordered it to 'cease and desist' from future violations.

12/29/2021

Planning your exit: Creating a succession strategy for your RIA firm

spend a lot of their careers learning to effectively manage their client relationships, build their businesses, and run effective practices. But once they've successfully done all that, what comes next?

How are smart advisors looking to the future to make sure they leave their firms in capable hands? of has plenty of perspective to share on succession planning and how to exit the business.

https://www.tdainstitutional.com/insights/articles/planning-your-exit--creating-a-succession-strategy-for-your-ria-.html

RIAs spend their entire careers building their business and helping their clients pursue their goals. So what happens when they get ready to retire?

12/29/2021

When thinking about private equity valuations vs. public, take a look at this interesting piece:

How high can RIA valuations go?

From pixie dust to private equity, myriad factors have contributed to the historic M&A surge in the space — with no end in sight.

From pixie dust to private equity, myriad factors have contributed to historic RIA valuations — with no end in sight.

12/28/2021

Succession planning for has always been an important and challenging topic. Now, however the latter is especially important since both the and Exchange Commission (SEC) and the American Securities Administrators Association (NASAA) have proposed rules for assuring RIA have a business continuity and a
succession plan in place.

Statistics such as these may be the reason why various fears and concerns surround this topic:
* The average age of today’s is 52 years old
* 21% of the workforce is older than 60
* In the coming decade, 111,500 are expected to retire, accounting for more than a third of all advisors and assets

https://www.napa-benefits.org/investment-advisor-interests/succession-planning-for-registered-investment-advisors

Nearly all RIA owners agree that succession planning is important. But too few are actually doing it. Read on to learn why getting started is...

12/28/2021

RIAs See Lack of Succession Planning as a Big Problem

Succession planning for has always been an important and challenging topic.

read on:
https://www.napa-net.org/news-info/daily-news/rias-see-lack-succession-planning-big-problem