Fiduciary-focused organizations that are built with strong operational characteristics, a deep bench and a culture of integrity are positioned to gather, increase and protect client assets and build the assets under management by the advisory firm. Acquirers will not want to change that model and will reward the owner-adviser with a high multiple for the sustainable business he has created."
Blaine F. Aiken, president and chief executive, fi360 Inc. |
Fiduciary duty's impact on succession planning
Blaine F. Aiken | InvestmentNews, September 2014
Read the article online >Summary: Does succession planning impose fiduciary obligations for investment advisers? This recently has become a hot topic of conversation, due in large part to the high volume of mergers and acquisitions in the adviser space.
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