Parallel Advisors, LLC’s Post

Over 100,000 financial advisors plan to retire over the next decade. Most have built great lifestyle businesses that require them to "show up" every day, and that translates to low-multiple valuations and uncertain exit strategies. Forward-thinking advisors I talk to are taking a different approach. They're investing their time in recruiting, training, and developing junior advisors, and hiring key people to play impact roles in the business. Given that 75% of new advisors leave the business in their first 3 years, it's not hard to figure out why more FA's don't make that investment. But those who do make a real commitment to mentorship win the game in two big ways: (1) They cash bigger checks when it's time to hang up the cleats (2) They leave their clients in great hands with next-gen successors. #wealthmanagement #financialplanning #financialadvisor #entrepreneur #financialservices #financialplanner #practicemanagement #successionplanning

Embark on the path to entrepreneurial success with Kemp Capital Advisors as your guide, as we dive deep into the crucial decision of choosing the optimal business structure! From sole proprietorships offering simplicity to the robust protection of LLCs and beyond, we'll navigate the intricate landscape together. Gain clarity, mitigate risks, and set the stage for growth with a structure tailored to your aspirations. Let's build a solid foundation for your business dreams to thrive! #KempCapitalAdvisors #Louisville #Nashville #FinancialAdvisor #FinancialSuccess #RetirementPlanning #LLC #BusinessStructure 

🙂Agree! ✅The financial acumen of CPAs and EAs quickly becomes a welcome asset to founders. 💡There are three reasons why accounting professionals can be outstanding business partners and help drive entrepreneurial success, according to C-suite veteran and entrepreneur Tom Freiling. From Fast Company: “I was fortunate enough to meet an experienced CPA and EA early on in my entrepreneurial journey. He guided me through the company’s fast growth and eventual sale to a NASDAQ-listed media company. Looking back, if I had not met him, I’m certain my company would have sunk. He helped me see my blind spots and avoid more than one catastrophe.” Read the full article here: https://lnkd.in/gCC4SUyw #CPA #Accountant #TaxPros #Tax #Taxes #Accounting #Accountancy #Bookkeeping #Finance #Advisory #Opinion #Founder #Founders #Entrepreneur #Entrepreneurs #Growth #GrowthMindset

Thank you to Robert Dickson from Mason Hayes & Curran LLP for joining myself and Christina McGreevy yesterday for our Business Growth Webinar on preparing your business for investment, My main takeaways; ⭐️ Think about who in the business will drive the search for investment, it is a hugely time consuming process ⭐️ Surround yourself with good advisors, not just legal, but also tax, commercial, strategic and personal ⭐️ Deals can take months to close, patience is important ⭐️ Some deals don’t complete and can fall through due to reasons like concerns over attitude and compatibility ⭐️ Founders should be preparing for a Due Diligence process even if an investment/ sale is not in the immediate future #founder #entrepreneur #investment #venturecapital Kinore, Finance & Business Services

Embark on the path to entrepreneurial success with Kemp Capital Advisors as your guide, as we dive deep into the crucial decision of choosing the optimal business structure! From sole proprietorships offering simplicity to the robust protection of LLCs and beyond, we'll navigate the intricate landscape together. Gain clarity, mitigate risks, and set the stage for growth with a structure tailored to your aspirations. Let's build a solid foundation for your business dreams to thrive! #KempCapitalAdvisors #Louisville #Nashville #FinancialAdvisor #FinancialSuccess #RetirementPlanning #LLC #BusinessStructure 

Private equity in the accounting space is not a clear cut win, in my opinion, yet. Recipients obviously enjoy it and the flexibility it provides for growth and employee participation; but the ethical stresses it can introduce havent been clearly vetted or explained in our industry. PE is return based, not fiduciary based. It will be an interesting journey to see how this evolution in accounting is adopted and yet kept at arms length.

Investing is your golden ticket to growing your wealth… Don’t just save it, multiply it! These six no-brainer companies are set to not just stay relevant, but grow in importance 💥 #PeterTaunton #KeepClimbing🏔️ . #BusinessMastery #EntrepreneurLife #StartupSuccess #BusinessStrategy #InnovateAndGrow #LeadershipGoals #EcommerceExpert #SuccessInBusiness #ScaleUpSolutions #BusinessInsights #EntrepreneurialMindset #LeadershipMatters #StrategicPlanning #FinancialFreedom #BusinessGrowthTips #CreativeEntrepreneur #MarketDominance #BusinessMindset #ProfitableVentures #EntrepreneurJourney #LeadershipWisdom #SalesAndStrategy #BusinessExpansion #InnovativeThinking #MarketLeadership #BusinessOpportunity

🌟 Meeting with Lawyers, Bankers, Accountants, & Financial Planners... Oh My! 🌟 Today, I had enlightening discussions with professionals across the legal, financial, accounting, and financial planning sectors. It's a powerful reminder: businesses often seek these essential resources last, not first. But why wait? Establishing the right foundational resources is crucial for robust growth—financially, structurally, and legally. 🔍 Many entrepreneurs hit the ground running without pausing to assess needs or strategize. Engaging trusted advisors early on helps define the best business structure—be it sole proprietorships, partnerships, LLCs, or corporations. Knowing who your stakeholders are from the start, and building a strong rapport with them, is not just beneficial; it's a business imperative. 💬 Let’s talk about money and legal issues openly. They might be taboo, or outside your comfort zone, but when it comes to legal matters, ignorance does not excuse one from financial and legal responsibilities. 🌱 Joining Coble Tree, you become part of an Entrepreneurial Ecosystem designed to help you thrive, not just survive. Partner with industry thought leaders who lead with best practices, all accessible within our vibrant community. As we move forward, remember: proactive engagement with skilled advisors isn't just a step—it's a leap towards sustainable success. #BusinessGrowth #Leadership #Entrepreneurship #LegalAdvice #FinancialWisdom #RiskMitigation #CobleTree

Investing is your golden ticket to growing your wealth… Don’t just save it, multiply it! These six no-brainer companies are set to not just stay relevant, but grow in importance 💥 #PeterTaunton #KeepClimbing🏔️ . #BusinessMastery #EntrepreneurLife #StartupSuccess #BusinessStrategy #InnovateAndGrow #LeadershipGoals #EcommerceExpert #SuccessInBusiness #ScaleUpSolutions #BusinessInsights #EntrepreneurialMindset #LeadershipMatters #StrategicPlanning #FinancialFreedom #BusinessGrowthTips #CreativeEntrepreneur #MarketDominance #BusinessMindset #ProfitableVentures #EntrepreneurJourney #LeadershipWisdom #SalesAndStrategy #BusinessExpansion #InnovativeThinking #MarketLeadership #BusinessOpportunity