The Bigger Picture for Independent Advisors: How to Monetize Your Life’s Work in the Long-Term
Summary: While the freedom and flexibility of the independent space is attractive to many, it’s the long-term economic potential that’s the real draw for entrepreneurial-minded advisors.<br> An expanded landscape has paved the way for breakaway advisors to monetize their businesses in the short-term, with a growing number of ways to fund a start-up, de-risk a move, and replace lost unvested deferred comp.<br> <br> <br> <br> For those with their sights set on longer-term goals, the potential has become even greater. As the delta between taking a recruiting deal versus building an independent enterprise diminishes, more advisors are taking the leap than ever before. And M&A in the space has never been more active.<br> <br> What’s behind the massive growth of the space? What’s the real long-term potential for advisors considering a leap to independence?<br> <br> In this episode, Mindy has invited <a href="http://www.diamond-consultants.com/meet-our-consultants/louis-diamond/">Louis Diamond</a>, Executive Vice President at Diamond Consultants, to share his experience in counseling breakaway advisors and facilitating M&A deals for independent business owners.<br> <br> Together they discuss:<br> <br> * The 6 drivers behind the M&A boon<br> * The 8 factors that determine a firm’s valuation<br> * Standalone RIAs who are actively recruiting<br> * Private equity-backed rollups acquiring, or buying equity in, smaller RIAs<br> <br> <br> <br> <br> <br> <br> <br> Related Resources<br> <a href="http://www.diamond-consultants.com/math-behind-move-independence/">The Math Behind the Move to Independence</a><br> How the long-term economics of the independent space compare to taking an upfront check from a traditional firm. <a href="http://www.diamond-consultants.com/math-behind-move-independence/">Read-></a><br> <br> <a href="http://www.diamond-consultants.com/much-house-worth/">How much is my house worth?</a><br> The 7 key drivers that determine the enterprise value of independent firms. <a href="http://www.diamond-consultants.com/much-house-worth/">Read-></a><br> <br> <a href="http://www.diamond-consultants.com/what-got-you-here-wont-necessarily-get-you-there/">What got you here, won’t necessarily get you there (part 1)</a> and<br> <a href="http://www.diamond-consultants.com/what-got-you-here-wont-necessarily-get-you-there-2/">(part 2)</a><br> A 2-part series exploring how independent firm owners can enhance their firm’s enterprise value. <a href="http://www.diamond-consultants.com/what-got-you-here-wont-necessarily-get-you-there/">Read Part 1-></a> or <a href="http://www.diamond-consultants.com/what-got-you-here-wont-necessarily-get-you-there-2/">Read Part 2-></a><br> <br> <br> <br> <br> <br> This podcast is also available on...<br> <a href="https://itunes.apple.com/us/podcast/mindy-diamond-on-independence-for-financial-advisors/id1305878240" target="_blank" rel="noopener noreferrer"></a> <a href="https://podcasts.google.com/feed/aHR0cHM6Ly93d3cuZGlhbW9uZC1jb25zdWx0YW50cy5jb20vZmVlZC9wb2RjYXN0Lw==" target="_blank" rel="nofollow noopener noreferrer"></a> <a href="https://www.youtube.com/playlist?list=PLKAolLWTGV8bpCuZIN4qW5-5JL9GknDG7" target="_blank" rel="noopener noreferrer"></a><br> <br> <br> <br> <a href="http://www.diamond-consultants.com/podcast-mindy-diamond-independence/">Browse other episodes in this podcast series...</a>
