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      • Advisory firm valuations are at a peak now, but that situation may not last long, according to Todd Doherty, who heads the valuations team for Advisor Legacy, a consulting firm for the financial industry.>Read More
      • Anthony Whitbeck, CEO of Advisor Legacy was recently featured on the Kuttin Consulting Group's podcast describing the drivers that determine practice value and what advisors can do to ensure continuity in their practice.
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      • Advisor Legacy announces this week the successful completion of the sale of Derrick Kinney and Associates based out of Arlington, Texas to Kuttin Wealth Management, based out of Hauppauge, New York.
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      • Anthony Whitbeck, CEO and Todd Doherty, M&A Consultant discuss how the Corona Virus is impacting Mergers and Acquisitions.
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      • Todd Doherty, M&A Consultant and Valuations Expert for Advisor Legacy, shared the three drivers that maximize practice value for Advisor Perspectives. In the article, he provides a side by side comparison of two similar practices, and how the factors of value impacted each firm’s overall valuation.
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      • Wealth Management highlights the launch of Advisor Legacy as a practice that bridges the gap between in-house succession departments and listing services.
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      • Advisor Legacy brought on as consultant to support buyers and seller’s on Skyview’s new platform, the Advisory Practice Board of Exchange, a secure and confidential platform for buying and selling practices.
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      • Advisor Legacy launches to bridge the gap between practice listing services and in-house succession departments.
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    New Year’s Resolution: Continuity

    New Year’s Resolution: Continuity

    The New Year is a time for making resolutions and tackling big goals. For financial advisors, one of the best resolutions you can make for your practice is to put a continuity plan in place. The rapid change and uncertainty brought on by the pandemic has highlighted the importance of having a plan in place to protect your practice in the event of death, disability, and even divorce. As the uncertainty of the pandemic continues, now is the time to put your own professional house in order.

    Make The Investment

    Your practice is one of the largest, if not the largest, asset you own. Having a current, up-to-date continuity plan allows you to protect the integrity of your legacy, ensure a smooth transition for your clients and heirs, and removes one stressor off the table when unfortunate circumstances strike. There is a temptation to use a template plan from the internet or your broker dealer. However, those “one size fits all” templates don’t take into consideration the specifics of your unique situation. Often, custom continuity plans don’t require much of an investment. Usually just $2,500 to $5,000 depending on the firm and their level of experience.

    Keep It Updated

    Getting a continuity plan in place isn’t a one-time deal. As your practice and your personal situation changes, so too should your continuity plan. Just like your will, it is a living breathing document that should evolve as your life and your business evolve.

    Again, it’s important to take the same advice that you give your clients and plan for the unexpected. The hope is that you never have to use it and can enjoy the rewards of your decades of service and hard work. But should the worst-case scenario happen, your clients and your heirs will be glad that you had a plan in place.

    Learn More

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    Advisor Legacy is a full service Mergers & Acquisition consulting firm for financial advisors.

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