The M&A Playbook for Financial Advisors with Ted Jenkin
What You'll Learn In Today's Episode:
- Advisors often lose clients when they sell their businesses.
- Positioning as an M&A expert is crucial for retaining AUM.
- Valuations should reflect market realities, not just client expectations.
- Networking with business brokers can lead to valuable referrals.
- Understanding the nuances of deal negotiations is essential.
- Cultural fit is as important as financial metrics in business sales.
- Advisors should focus on organic growth to increase practice value.
- Standard operating procedures can enhance business value.
- Clients often underestimate the market value of their businesses.
- Advisors should leverage their client networks for referrals.
In this episode, Matthew Jarvis and Ted Jenkin discuss the critical importance of business owner clients for financial advisors, particularly during transitions such as business sales. They explore strategies for advisors to retain assets under management (AUM) by positioning themselves as essential partners in the M&A process. The conversation covers the nuances of business valuation, effective marketing strategies, negotiation tactics, and the significance of cultural fit in client relationships. Ted shares valuable insights on how advisors can add value to their practices and navigate the complexities of business sales, emphasizing the need for expertise and strategic partnerships.
