In an surroundings the place there isn’t a scarcity of exterior acquirors, many RIA founders obtain common inbound inquiries from potential suitors. Whereas the compensation from such offers (and the flexibility to shrink the executive burdens they face) may be tempting, these presents could be weighed towards a need to develop independently and maybe go it on to the subsequent era.
Todd Pisarczyk is the founding father of Momentous Wealth Administration, an RIA primarily based in Vancouver, Washington that manages $400 million in AUM for 400 shopper households. Hear in as Todd shares how he hit a turning level after reaching 350 purchasers and feeling trapped by success, then constructed an in depth spreadsheet (included within the present notes) to research whether or not to promote or preserve his agency. We discuss how the numbers (and life-style concerns) finally led him to remain unbiased, the modifications he made to scale sustainably, and the way his definition of success has developed from “extra progress” to making a legacy the place others can thrive.
For present notes and extra go to: https://www.kitces.com/465
