EP 8: The Bigger Picture for Independent Advisors: How to Monetize Your Life’s Work in the Long-Term

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Mindy DiamondWhile the freedom and flexibility of the independent space is attractive to many, it’s the long-term economic potential that’s the real draw for entrepreneurial-minded advisors.

An expanded landscape has paved the way for breakaway advisors to monetize their businesses in the short-term, with a growing number of ways to fund a start-up, de-risk a move, and replace lost unvested deferred comp.

For those with their sights set on longer-term goals, the potential has become even greater. As the delta between taking a recruiting deal versus building an independent enterprise diminishes, more advisors are taking the leap than ever before. And M&A in the space has never been more active.

What’s behind the massive growth of the space? What’s the real long-term potential for advisors considering a leap to independence?

Mindy Diamond Podcast | Louis Diamond, Executive Vice President at Diamond Consultants

Louis Diamond, Executive Vice President at Diamond Consultants

In this episode, Mindy has invited Louis Diamond, Executive Vice President at Diamond Consultants, to share his experience in counseling breakaway advisors and facilitating M&A deals for independent business owners.

Together they discuss:

  • The 6 drivers behind the M&A boon
  • The 8 factors that determine a firm’s valuation
  • Standalone RIAs who are actively recruiting
  • Private equity-backed rollups acquiring, or buying equity in, smaller RIAs

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