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Thursday, March 16, 2023

Reside Oak’s James Hughes on Breakaway Transitions, M&A and Succession

Whether or not you’re a potential breakaway advisor in search of liquidity to de-risk a leap to independence or payoff a observe steadiness, or a enterprise proprietor in search of funds for acquisitions or succession planning, you will have an essential determination to make round accessing capital.

As a result of because the wealth administration business panorama advanced, advisors turned the beneficiaries of a number of paths to think about.

Over the course of this collection, we mentioned “promoting” a portion of the enterprise (that’s, fairness) to any certainly one of the various minority traders or personal fairness companies within the house, in addition to unbiased dealer sellers and supported variations of independence that provide forgivable loans to assist fund a transition.

However what about direct financing choices?

James Hughes, the SVP and Head of Funding Advisory Lending at Reside Oak Financial institution, joins the present to debate taking up debt to fund your enterprise’s subsequent part of success.

Because the No. 1 SBA (Small Enterprise Affiliation) lender within the nation, the financial institution began lending to advisory practices again when James joined in 2013—at a time when there have been few different choices out there within the house.

On this episode, James speaks with Louis Diamond concerning the many causes advisors decide to work with a financial institution, together with:

  • Taking up debt vs. promoting fairness—and what elements a present or potential enterprise wants to think about when choosing their financing path.
  • The distinctive place that Reside Oak holds within the business—and why massive establishments and native banks are much less inclined to finance an unbiased wealth administration observe.
  • Understanding the variations between completely different use circumstances—and what you want to learn about accessing capital for succession, acquisition, development, or financing a leap to independence.
  • Succession planning—and the way Reside Oak presents an alternative choice to enterprise homeowners and subsequent gens alike.
  • Entry to capital for breakaways—and the way an advisor would possibly profit by funding a transition with debt vs. fairness.
  • And way more.

Taking up debt vs. promoting fairness is a enterprise determination to not be taken flippantly, making this episode an essential one for each potential and present enterprise homeowners alike.

Obtain a transcript of this episode…

Hearken to extra episodes of Mindy Diamond on Independence: A Podcast for Monetary Advisors Contemplating Change

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