What You'll Learn In Today's Episode:

• Advisor talent is the scarce resource in the industry.
• Cultural fit is crucial when selecting advisors to partner with.
• Next-gen talent is necessary for the sustainability of advisory practices.
• Advisors must have a clear organic growth strategy to succeed.
• Compliance and cybersecurity are increasing risks for smaller firms.
• The intention behind actions is not a substitute for compliance.
• Advisors should not solely focus on price when considering a sale.
• Advisors need to develop a succession plan to ensure client continuity. 

In this episode of the TPR podcast, Matthew, James Cahn, and Dean Smith discuss the intricacies of mergers and acquisitions in the advisory industry, emphasizing the importance of talent acquisition, cultural fit, and organic growth. They explore the challenges faced by smaller firms in competing with larger entities, the significance of compliance and cybersecurity, and the necessity of succession planning for long-term success. The conversation highlights the evolving landscape of financial advising and the critical factors that advisors must consider to thrive in a competitive market.

Resources In Today's Episode: