Most, but not all, financial planners list small business planning and exit strategies as a line item in the scope of planning services they provide. Better operational, financial, and tax implications of proper exit strategies for small business owners, a common niche for many financial planners, will inevitably lead to improved client satisfaction, retention rates,…
At its recent LINC Conference, TD Ameritrade held a panel discussion, Washington Flyover: Policy Coming Your Way, moderated by Skip Schweiss, TD Ameritrade’s managing director for advisor advocacy and industry affairs. Schweiss highlighted in his comments “While surveys suggest most advisors are aware of the coming (business continuity) rule, less known is the fact that…
When talking with advisors and trying to keep them up to speed on the latest regulatory changes it’s become difficult for me to keep track of the changes at both the state and federal level. I got to thinking that it would be great if there was one place with all the information. So, we…
About once a week when I’m reading my daily dose of trade press I come across another giant aggregator acquiring some multi-hundred million dollar RIA. I usually read these articles because I’m always interested to hear the terms of these deals. One problem I find, however, is that the deal terms are often non-specific. Another…
Just this past week I was talking with handful of advisors in New Jersey who informed me that the New Jersey Bureau of Securities has officially adopted the NASAA model rule requiring RIAs to have a formal continuity plan in place in the event of death or disability of a key individual, principal or owner.…
In my last blog, I discussed the top five reasons to not have a viable succession plan. There are however just as many compelling reasons you should have a viable succession plan. Here are some reasons why some advisors have chosen to enter into a PRISM agreement with Pinnacle. 1) Continuity – An advisor who…
As Associate Director of Strategic Partnerships for Pinnacle Advisor Solutions I am responsible for our business continuity solution PRISM – Pinnacle’s Revocable Institutional Succession Model. Over the course of the last year I have talked with literally hundreds of advisors regarding their succession planning options. I have heard pretty much every excuse not to have…