Private Wealth Management

Private Wealth Managers, Succession Plans: Handing Off the Baton

Thursday, October 17 | 5:30 PM - 8:00 PM

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Overview

Age demographics and structural trends in wealth management have placed a spotlight on the industry’s lack of succession planning and the economic dynamics that underpin valuing a wealth management practice or firm.

Often, succession planning conversations focus more on the value of the business than on the transition and continuity of the business.  This event aims to provide fundamental and actionable insights on both aspects.

Agenda

5:30 PM | REGISTRATION & CHECK-IN


5:55 PM | INTRODUCTION & WELCOME

Todd Eklund, CFA, CAIA


6:00 PM | OBSERVATIONS – WEALTH MANAGEMENT SUCCESSION ECOSYSTEM & OPTIONS 

Scott Slater, Vice President, Practice Management & Consulting, Fidelity Clearing & Custody Solutions


6:10 PM | SUCCESSION PANEL

Moderator

Scott Slater, Vice President, Practice Management & Consulting, Fidelity Clearing & Custody Solutions


Panelists

Anthony Cecchini, CFP, J.D., Chief Executive Officer, JMG Financial Group

Sonya Mughal, CFA, EVP & Chief Operating Officer, Bailard

Erin Sikorski, CFP, Chief Executive Officer – The Wellington Group


7:00 PM | AUDIENCE Q&A


7:10 PM | VALUATION & FINANCIAL CONSIDERATIONS PANEL

Introduced by Stephen Mayrose, CFA, CFP, Financial Advisor & Portfolio Manager, Morgan Stanley Wealth Management

Moderator

Brooks Hamner, CFA , ASA, Vice President, Mercer Capital


Panelists

Matt Crow, CFA, ASA, President, Mercer Capital

Steven Levitt, Founder & Managing Director, Park Sutton Advisors

Elizabeth Nesvold, Managing Director, Head of Asset & Wealth Management Investment Banking – Raymond James


8:00 PM | AUDIENCE Q&A 


8:10 PM | CLOSING REMARKS & NETWORKING CATERED RECEPTION

Michael Reuben,CFA,CAIA,CFP

Additional Details

Learning Outcomes

  • Appreciate financial advisor and private wealth practice succession planning challenges and the importance of institutionalization to creating value.
  • Gain an understanding of valuation and deal structures in today’s market.
  • Identify specific drivers for valuation enhancement.
  • Learn key considerations for finding, attracting, and retaining younger advisors and staff to ensure long-term viability and sustainability of private wealth business.
  • Hear from individuals and experts who have successfully implemented a successful transition plan.

Features, Benefits, Values

Gain an understanding into succession planning options, trends, approaches for continuity/handoff, and strategic objectives for value enhancement: Who? When? How? Why?