Across the board, many companies struggle with succession planning—some of this fear comes from human capital, and others come from misunderstanding of new trends in the industry.
In this episode, David Armstrong, editor-in-chief of WealthMangement.com, speaks to David DeVoe, founder and CEO of DeVoe & Company to discuss his insight about mergers and acquisitions across RIAs of various sizes. David discusses the impact of COVID restrictions in the M&A space, and discusses the decision-making process when it comes to creating your succession plan.
How $1 billion+ RIAs are driving the record-breaking activity in deals.
What a “META” RIA is, and how they will change the industry
The percentage improvement in a firm’s valuation that comes from a mere 1% boost in growth.
The numbers that dispel the myth of the “seller’s market” for RIAs
How his own journey as an entrepreneur began in the surf shops of Santa Barbara
HolistiPlan’s planning software is an advisor-oriented tool that integrates a client’s tax return into their financial plan as a way to find more opportunities for “tax alpha.” The technology makes the tax analysis and planning process a scalable, structured procedure between advisors and their clients.
In this episode, David Armstrong, editor-in-chief of WealthMangement.com, speaks to HolistiPlan’s co-founder, Kevin Lozer about how he and his partner Roger Pine saw the need for the tool while running their own financial advisory firms; how they leveraged a small group of fellow advisors as beta testers and won an early XYPN fintech competition; and how they’ve expanded the software, and the team behind it, including bringing on board tax-planning guru Jeff Levine of Buckingham Wealth Partners as a tax-planning strategist.
You will learn:
How the idea for HolistiPlan came about
The big problem advisors have when it came to taxes and financial planning
How winning the XYPN fintech competition put them on the map
How HolistiPlan keeps up with ever-evolving tax codes
The difference in software designed by advisors for advisors
The future of the tax planning and software industry