The Financial Advisor M&A Guidebook
Best Practices, Tools, and Resources for Technology Integration and Beyond
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Beschreibung
With M&As in the RIA space increasing, many firms are rapidly changing hands with little to no expert guidance on how to successfully execute a merger or acquisition. In 2017, a record number of M&A deals closed in the advisor space – 168 transactions, or a 22% growth over 2016. Aside from a fifth straight year of record highs in M&A activity, the size of the acquired firms has also increased, with average acquisitions involving wealth managers exceeding $1.01 billion in assets under management. For many advisors, it only takes a handful of missteps during a merger or acquisition to jeopardize their business, but with so much unknown, advisors need a guidebook for success. A significant and often overlooked component to a successful RIA merger or acquisition is the thoughtful integration of technology. This comprehensive guide walks you through the steps of strategy, assessment, implementation, adoption and growth, all while considering how to best inspire and galvanize afirm’s most valuable asset – its people.
Combining the real-life experiences of a life-long financial advisor with the expertise of a 15-year operations director and founder of a large RIA ops network, this book takes real M&A experiences of the financial services industry and offers best practices, tools and resources to help advisors make smart decisions about technology integration that elevates the firm’s goals and solidifies its future success.
Addresses overlooked aspects that can make or break M&A
Highlights the importance of a dedicated technology strategy and how to create one
Outlines how leaders can successfully implement new technology and phase out legacy systems
Covers strategies for promoting and encouraging adoption of technology, including incentive programs, training and education, and milestones
Helps leaders with goal-setting to reach the next level of efficiency and growth
Addresses overlooked aspects that can make or break M&A Highlights the importance of a dedicated technology strategy and how to create one Outlines how leaders can successfully implement new technology and phase out legacy systems Covers strategies for promoting and encouraging adoption of technology, including incentive programs, training and education, and milestones Helps leaders with goal-setting to reach the next level of efficiency and growth
Autor*in
Greg Friedman
Themen in »The Financial Advisor M&A Guidebook«
M&A activity technology integration Financial Advisors M&A for RIAs M&A RIA merging firms Systems integration Procedural & policy integration Cultural integration incentive programs training programs Performance management