Understanding RIAs Article: Author By: Tony Garvy, ASA Co-Authored By: James S. Arogeti, CFA
Business continuity has become a hot topic in the financial advisory industry. This is partially attributable to the generation gap. The Baby Boomers who have greatly expanded the landscape of the financial advisory industry are now contemplating retirement or selling their ownership interests The Industry has been booming for 20 years, but is now challenged by technology and generational mindsets. When developing your Firm’s continuity plan, how have you decided how to ensure that your buy-out is attainable and fair? To avoid a problematic outcome, you need to have a good understanding of the business valuation process and review your continuity plans regularly.