All advisors, regardless of whether they are content where they are, are considering a move, or are in the process of doing so, would be wise to reconcile questions like:
- How much is my book worth?
- How portable is my book?
- How will this firm help me to increase the ultimate enterprise value of my business?
Maximizing value is typically the goal of any advisor, regardless of whether they are pondering a move or not—and the reality is that movement is not, and should not, be a precursor to focusing on optimizing your enterprise value.
So then what should an advisor who may not be considering change be thinking about?
In this special Industry Update, Jason Diamond and Louis Diamond talk about the key components of an advisor’s business that impact enterprise value.
Listen in to learn:
- The economics—and how an advisor can determine their maximum career enterprise value (or MaxCEV as we call it).
- Setting up the business for success—including logistical and operational practices you should be reviewing on an ongoing basis.
- Looking at the short-term and the long-term—and how each requires different strategies and tactics.
Plus, they share real-world examples of the factors that make a business more “attractive” and how that impacts value and strategic shifts for advisors who may never make a move but are set on maximizing their career enterprise value.
Download a transcript of this episode…
