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Key Trends for Financial Advisor Transitions

Mike Langford
Feb 24, 2021

"Father Time is undefeated" they say in sports when talking about an aging player not named Tom Brady or LeBron James. Put simply, it means that eventually everyone's career ends and they transition to something else.

Father Time also calls on RIAs and independent financial advisors as well. Usually at a much older age than professional athletes but still... he has your phone number... the call will come.  In this episode of The Modern Financial Advisor Podcast, Jeremi Karnell, CEO of Truelytics, and Scott Wetzel, CEO of SkyView Partners share their insights and predictions for the coming wave of mergers & acquisitions, advisor succession, and the need for emergency continuity preparedness. Father Time... we're ready for your call.

One last note, in the preview video below I share a quick story of my family's recent experience with a natural disaster that completely took us out of commission for 8 days. It's a fantastic reminder that every RIA and individual advisor should be prepared for continuity during a disaster.


As I mentioned in the preview video above, you can watch the entire episode of the podcast on YouTube as well. The video is embedded below for your convenience. Make sure you subscribe to the Truelytics YouTube channel!

To listen to the episode simply click play on the audio stream at the top of this post or subscribe on your favorite podcast platform. You can find us on Apple Podcasts, Spotify, Google Podcasts, Alexa,  SoundCloud, Stitcher, and TuneIn.

Resources Related to this Episode:
Below are a few additional links and resources for advisors thinking about their own transition or acquiring a financial advisory business: 

  • What is Your TQ (Transition IQ)? - Understanding and navigating the emotional process of transition will be of critical importance in the coming decade as Jeremi Karnell explains in this article.
  • Facilitating an Internal Transition - As we discussed on the podcast, many transitions will include internal advisors. Carla McCabe offers some great recommendations for facilitating a smooth transition process internally.
  • Exploring The Zen of Business Acquisitions - If you are considering buying another financial advisor's book of business you should listen to my conversation with Tom Hine, author of The Zen of Business Acquisitions. Tom's book offers some fantastic resources for both buyers and sellers.
If you have any questions, comments, or even ideas for new episodes, feel free to reach out. If you like what you hear, make sure to subscribe to one of our channels listed 

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