The main thing people leave out of a succession plan
It could mean the difference between a smooth transition and disaster.
Alex Burke
November 28, 2018
It could mean the difference between a smooth transition and disaster.
Recent research reveals a massive upswing in financial services M&A activity – who’s selling their businesses and what does it mean for the industry?
Does being a good long-term investor also make someone a good long-term business manager? Platinum Asset Management’s shareholders, staff and clients are about to find out.
Succession planning is a challenge for any business, but the stakes are higher when you’re managing almost $30 billion in assets. As legendary investor Kerr Neilson steps down as CEO of Platinum Asset Management, we sat down in an exclusive interview with fellow co-founder and new CEO, Andrew Clifford, and talked about how one of Australia’s largest asset management firms handles succession.
Principals of financial planning businesses who are deciding to retire face many challenges. After years building a business you don’t want to see all your hard work come crumbling down when you depart.
If you are thinking about retirement, you need to ask yourself the following questions well in advance to determine if you’re ready to retire, and if you’re not, what you need to address to get there.
Do all your clients have Wills in place to protect their loved ones in the event of a tragedy? The consequences of not having one in place can be devastating.
Baby-boomer business owners are ramping up their plans to exit full-time work. It’s this group that is looking for help in meeting the trials that lie ahead. In a challenging business environment, business owners are relying more and more on the sale of their business, to retire or invest in a new business venture. Many partners feel that they cannot afford to retire or cannot sell their business.
Automation is no longer a far out concept best left to science fiction, it’s here and it will dramatically change the way you do business. So how can you make automation work for you and your clients?
If there is an oversupply of businesses for sale and uncertainty around the revenue there will be downward pressure on the price being paid. So how do you get the best price for your business if you are planning on exiting in the near future?
Too many businesses are vulnerable – and yours could be one. The risks faced by your business may not be identical to another business, however there are three key risks that present themselves time and time again.
No More Practice Education Pty Ltd
Level 1, 10 Shelley Street, Sydney NSW 2000
