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The Next Frontier


May 29, 2019

As consumer demand is increasing and financial advisors are aging, the industry is facing a succession crisis. Industry veteran Carolyn Armitage asks, “Who is there to advise advisors?” In this episode, she joins host Bill Coppel – Managing Director and Chief Client Growth Officer at First Clearing – to discuss how advisors can prepare for the next chapter and better serve their clients.

In this episode, you’ll hear:

 

  • Why advisors are not taking the time to think about what the transaction and transition of succession will look like
  • Overlooked elements of planning for succession
  • The emotional aspects of selling your firm
  • Where advisors can find a sense of identity in the transition
  • How to set a solid vision for the next phase of life
  • How to understand your firm’s valuation in context
  • Why advisors need financial advisors
  • Why a lack of preparedness is underserving clients

 

Financial Planning recently named Carolyn Armitage as one of 19 people who will change wealth management in 2019. Carolyn is a managing director of ECHELON Partners, a frequent keynote speaker and a leading authority in private wealth management who is quoted extensively in industry publications. She also founded and runs True Circle Organization, a public nonprofit that works to improve the lives of homeless people in Southern California.

 

Ways to contact Carolyn

Website: www.echelon-partners.com

Email: carmitage@echelon-partners.com

 

Disclosure: This content is provided for general informational purposes only. The views expressed by non-affiliated guest speakers are their own and do not necessarily reflect the opinion of First Clearing or its affiliates. First Clearing and its affiliates do not endorse any guest speakers or their companies, and therefore give no assurances as to the quality of their products and services. This channel is not monitored by First Clearing. For more information on our podcasts, visit firstclearing.com. First Clearing is a trade name used by Wells Fargo Clearing Services, LLC, member SIPC, a registered broker-dealer and non-bank affiliate of Wells Fargo & Company. Copyright 2019. Wells Fargo Clearing Services, LLC. All