Category: Succession Planning

South African independent Wealth Managers and Financial Planners are finding themselves under huge pressure, due to shrinking margins and the increased burden of compliance. Most small firms operate on very low margins, while the cost of compliance is rising and eating into their profits. Few value their own time accurately, which limits their own earning...

Independent financial advisors, planners and brokers face one of their biggest challenges right at the end of their careers: how to turn their hard-won business into steady annuity income to ensure a financially stable retirement? The most common solution – selling the business as a going concern – may be the worst option.  The Challenge...