The Advisor Client Partnership Program: Focus, Free up, Monetize
Over the past few months, we have had conversations with six advisors considering selling part of their business. The reasons slightly varied, but there was a consistent theme: they were stretched too thin, and their clients, businesses, and, in some cases, their health were all negatively affected. These conversations are what led us to launch the Advisor Client Partnership Program, a way for advisors to focus on their top clients, free up their time, and monetize the rest of their business through a partial business sale.
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Different Methodologies to Structure a Partial Business Sale?
As with any business sale, there are numerous ways to structure the deal. However, there are a few key deal components that will help guide the overall structure of a partial sale: guaranteed vs. revenue share, length of the deal, and tax treatment of payments.
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The Advisor Client Partnership Program: Focus on your top clients, Free up time, Monetize the rest.
Are you a financial adviser within 5 years of retiring? Do you want to segment your practice and work with only your very best clients, while monetizing the rest now? Imagine that you pick the clients you want to work with in your final years. Introducing GenXFinancials Advisor Client Partnership Program!
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Succession Planning 2023 Recap
Mergers and acquisitions continue to grab the headlines in the wealth management industry, and 2023 was no exception. However, most financial advisors building businesses are not on the radar of large aggregators or private equity, and yet they are building valuable businesses that service hundreds of clients. Find out how IFG and SellMyFinancialPractice help the individual advisors who have built a successful small business and want to monetize those businesses while ensuring their clients and the families they have served for years would be adequately cared for. In 2023, we completed 12 succession plans with an average of $262k in annual revenue, ranging from $20k to $1.1 million in annual revenue.
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GenXFinancial's MyRemoteFA® Expands Services and Team, Launches Private Client Division
GenXFinancial's subsidiary, MyRemoteFA, a leading provider of remote financial advisory services, today announced the expansion of their services and team and the launch of a new Private Client division. This division delivers personalized financial planning, estate planning, and wealth management strategies to high-net-worth individuals and families.
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PR Newswire: GENXFINANCIAL'S SUCCESSION PLANNING PLATFORM SOLVES SUCCESSION PLANNING CHALLENGES FOR SOLO ADVISORS
Since launching in 2021 Sell My Financial Practice has helped over 50 solo advisors create continuity plans, and implemented 15 Succession plans
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