Buying a book of business or an RIA practice is a lot harder than one might initially imagine. First, the competition for deals is intense. You are not alone when you are hunting for an advisory business to buy. And second, it takes an enormous amount of time to find the right practice to buy and convince the advisor(s) that you are the best fit for their future.
Resources Related to this Episode: Below are a few additional links and resources for advisors looking grow their business via acquisitions:
Key Trends for Financial Advisor Transitions - Jeremi Karnell and Scott Wetzel, two of the wealth management industry's leading experts on the market for RIA and independent financial advisor M&A deals, share their insights on deal trends.
What is Your TQ (Transition IQ)? - Preparing your business for an acquisition is one thing, preparing yourself is another. In this post, Jeremi shares how you can make sure you are ready emotionally for the deal that you are pursuing.