Does Changing Firms Actually Make Financial Sense?
Bridgemark Strategies has developed a series of transition calculators designed to help financial advisors answer some of the biggest financial questions surrounding a potential move, including:
• How does staying compare financially with changing firms?
• How much of your business must transition for you to break even?
• What could your practice be worth on the open market?
• How does a W-2 sunset program compare with selling independently?
• How could growth, expenses and fee-based revenue affect your valuation?
Each calculator accounts for variables such as payouts, platform costs, transition money, taxes, growth rates and portability. You can use built-in industry averages or enter your own assumptions to evaluate different scenarios.
In less than five minutes, you can establish a clearer financial baseline and determine whether a transition deserves further consideration.
Calculators: https://www.bridgemarkstrategies.com/financial-advisor-transition-and-planning-calculators/
I hope this helps. Thanks for watching!
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Corey Walen, Managing Partner
Bridgemark Strategies