The 36-year-old founder of one of the fastest growing hybrid RIAs talks about how founders can start to cash out of their business while helping the next-gen advisors they employ.
By Weld Royal
With acquisition multiples for advisory practices climbing, many firm founders considering a sale face tough questions. They might look longingly at a possible windfall but worry about what happens to their team after the deal is done. For next-gen advisors trying to buy an ownership stake in a thriving practice, it’s a math question: How can they afford it?
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