How to Maximize Your Enterprise Value
Mindy Diamond
Consultant and Guide to Top Financial Advisors and RIAs | Founder & CEO @ Diamond Consultants
Greetings,
It’s hard to believe we’re nearing the close of the year.
2024 has been both interesting and active—with a good deal of advisor movement, M&A deals, and new firms joining an already crowded landscape.
So, what should advisors be doing to wind down the quarter? [Listen…]
Just as the Thanksgiving holiday reminds us, it’s time to take stock and acknowledge what’s most beneficial to you and your business life (with a healthy dose of gratitude for the same).
This week’s featured podcast episode focuses on that topic and the factors that drive enterprise value.
Regardless of where you practice or whether you plan to make a move or not, getting your house in order will help set your business up for success and maximize enterprise value.
Listen in to learn actionable insights, key business practices, short-term vs. long-term tactics, and real-world examples of the factors that make a business more “attractive” and how that impacts enterprise value.
Then, be sure to download the two key worksheets to guide you through elements discussed in the episode:
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Have a wonderful Thanksgiving. Grateful to help you learn and grow,
Mindy Diamond
Transition of the Week
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Why it matters:
Regional firms (RBC, Raymond James, Stifel, etc.) continue to move up-market in a meaningful way. Corner office wirehouse teams view them as a “best of both worlds” middle-ground: the full-service technology stack and investment platforms that they are accustomed to but a much more business-friendly and culture-centric environment. These two transitions, one from Wells and the other from Merrill, show that many advisors are moving not just because of “push factors” (frustrations or limitations at their current firm) but because of “pull factors” (opportunities or models that sufficiently excite them elsewhere). We expect this trend to continue: Regional firms will be a popular landing spot for wirehouse teams that aren’t ready for the leap to independence but might be unhappy with the wirehouse cultures and operating models.
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