Ep 332: Transitioning From (A Father's) Commissions-Based Practice To Fee-Based Planning As A G2 Advisor With Liz Hand
Financial Advisor Success
00:00
How to Value a Business Like Alice's
We got a valuation for that piece. And then we got another valuation from FP transitions, both times we use FP transitions to get the growth there. We'd had some pretty rapid growth. Clinton and I, as we changed Brooker dealer RAs, we noticed with Alice he was much less interested in driving the decisions of the business. He had given us fairly full reigns to make the decisions that we wanted to with the firm at that point. With the rapid growth that we had experienced, we talked about like, how do we want to split that up? And so he did give it like a sweat equity type of discount for a portion of that growth. It was a third of
Transcript
Play full episode
