TAG - Trust Advisory Group, Ltd.

TAG - Trust Advisory Group, Ltd. TAG provides clients in all stages of wealth development independent, unbiased financial advice. We Trust Advisory Group, LTD.

is a registered investment advisor, 444 Washington St, Suite 407, Woburn, MA 01801, (781) 933-6100. Securities offered through AGES Financial Services, LTD., Member FINRA/SIPC/MSRB. Read our privacy policy, social media policy, cookie policy, and disclaimers at: https://trustadvisorygroup.com/legal-notifications

Starting a new business and building an enterprise takes time, especially in the wealth management sector. Too many entr...
05/20/2022

Starting a new business and building an enterprise takes time, especially in the wealth management sector. Too many entrepreneurs focus entirely on building their books and realize far too late that they also need to think about a succession plan. Yet succession plans enable wealth managers to future proof and protect their businesses. This article features five important lessons learned by the founder of a firm that has counseled financial advisors and firm owners on how to navigate the succession planning journey.

https://bit.ly/3jYrFAY

Transgenerational planning is a holistic approach to moving your financial assets, real estate and personal property fro...
05/05/2022

Transgenerational planning is a holistic approach to moving your financial assets, real estate and personal property from today to future heirs: not just your children, but your grandchildren and their heirs. It’s estate planning done with multiple generations in mind.

https://bit.ly/3OqTjo8

The succession crisis and talent shortage loom at the same time as advisor retirements accelerate, and many advisors are...
04/27/2022

The succession crisis and talent shortage loom at the same time as advisor retirements accelerate, and many advisors are starting to wonder if a profitable retirement is even possible. In this guide, Cerulli researchers discuss the implications for today’s advisors, as well as some helpful insights to help prepare for the future.

Learn more: https://bit.ly/39ahl6R

As we said last time, when it comes to selling your financial advisory practice, timing is crucial. But waiting for the ...
04/25/2022

As we said last time, when it comes to selling your financial advisory practice, timing is crucial. But waiting for the perfect time to sell your practice may prove costly. We are experiencing market volatility not seen in over a decade, and you might be thinking about what’s happening to the value of your largest asset: your business. While the continuing bull market is currently still roaring, reversion to the mean is inevitable and by then it might be too late.

If you haven’t already done so, now is the time to safeguard the value of your practice so you can remain on course for your own retirement. Part II of our series lists 5 MORE reasons to sell your practice now.

https://bit.ly/37yIorU

When it comes to selling your financial advisory practice, timing is crucial. But waiting for the perfect time to sell y...
04/21/2022

When it comes to selling your financial advisory practice, timing is crucial. But waiting for the perfect time to sell your practice may prove costly. As we experience market volatility not seen in over a decade, you might be thinking about what’s happening to the value of your largest asset: your business. While the continuing bull market is currently still roaring, reversion to the mean is inevitable and by then it might be too late.

If you haven’t already done so, now is the time to safeguard the value of your practice so you can remain on course for your own retirement. Retire on top and start your succession plan now. It’s an emotional milestone for sure, but one that shouldn’t be put off for too long for a number of reasons. In part 1 in our two-part series, we share our top 5.

https://bit.ly/3OssnEo

It’s hard to be 100% compliant as a financial advisor in today’s heavily regulated environment! Not only are the SEC and...
04/14/2022

It’s hard to be 100% compliant as a financial advisor in today’s heavily regulated environment! Not only are the SEC and state regulators looking over your shoulder, but now the Department of Labor may soon start enforcing its new rule, PTE 2020-02, which covers investment advisors and brokers. The new rule is meant to align with the SEC’s Regulation Best Interest, and is one more thing to add to your compliance checklist— which means even more tracking, documentation, and paperwork! Broker Dealers and their representatives must have met most of the conditions of PTE 2020-02 by February 1, 2022. These include the written acknowledgments of fiduciary status by both the BD and the representative, disclosure of conflicts and compensation information, the implementation of policies and procedures to mitigate or eliminate conflicts, and annual reporting and certification of compliance. The rest of the PTE’s conditions, those relating to documenting and disclosing specific information regarding rollover recommendations, goes into effect on July 1, 2022.

https://bit.ly/37kHfUK

Consider these statistics from Cerulli, which, no matter how many times we see them reported, never seem to get any bett...
04/05/2022

Consider these statistics from Cerulli, which, no matter how many times we see them reported, never seem to get any better:

- Nearly 40% of industry advisor headcount will retire in the next decade
- Of those, 26% are unsure of their succession plan
- 71% say finding qualified buyers is a major challenge in succession plan preparation.

The succession crisis and talent shortage loom at the same time as advisor retirements accelerate, and many advisors are starting to wonder if a profitable retirement is even possible. In this guide, Cerulli researchers discuss the implications for today’s advisors, as well as some helpful insights to help prepare for the future, among them:

- Start the process early because it will likely take longer than anticipated
- Determine priorities when evaluating a potential successor
- Pair junior and senior advisors together in client meetings to build rapport and ease the transition experience for clients
- Remain actively engaged in the process. Training a successor is an ongoing, daily commitment.

Also included in the report (on pg. 6) is an interesting checklist of Potential Succession Plan Pitfalls.

Read the whole report here: https://bit.ly/3ty5ZB7

Studies show that most small advisors — particularly solo practitioners — have no successor to fill their shoes, nor ver...
03/24/2022

Studies show that most small advisors — particularly solo practitioners — have no successor to fill their shoes, nor very good prospects for selling their business to someone else. Whether it’s the lack of a clear path forward, fear of uncertainty, analysis paralysis, or some other stumbling block, it’s evident that many, if not most, independent or small firm RIAs are not taking their future into their own hands.

Learn more: https://cnb.cx/3wAD8hI

Managing your finances is a task for every stage of life - and for every generation of your family. Whether it’s childca...
11/30/2021

Managing your finances is a task for every stage of life - and for every generation of your family. Whether it’s childcare, college, starting or expanding a family, starting or expanding a business, preparing for retirement, or managing healthcare costs, conversations around money management are always relevant.

Traditionally, financial planning has been a somewhat private affair, but we at Trust Advisory Group believe it’s vital to include the rest of your family in discussions about wealth management and finances.

Learn more about why intergenerational planning is an important facet of your family’s financial fitness.

https://bit.ly/3C4uJBZ

Transgenerational Wealth Transfer refers to the money gifted to beneficiaries as inheritance after death or as gift tran...
11/16/2021

Transgenerational Wealth Transfer refers to the money gifted to beneficiaries as inheritance after death or as gift transfers. Did you know that over the next several decades, it’s estimated that baby boomers will transfer about $68 trillion to their heirs?

There are several steps that both parents and beneficiaries should take to reap the most benefit from transgenerational wealth transfers. Parents should begin talking to their children sooner—rather than later—about financial literacy. Those who know they’re receiving an inheritance should take a few steps to develop the best strategy for managing their windfall.

Learn more about how best to prepare for transgenerational wealth transfer, whether you’re giving or receiving.

https://bit.ly/3wxDwv4

Address

444 Washington Street , Suite 407
Woburn, MA
01801

Opening Hours

Monday 9am - 5pm
Tuesday 9am - 5pm
Wednesday 9am - 5pm
Thursday 9am - 5pm
Friday 9am - 5pm

Telephone

+17819336100

Website

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