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Hello all.
Deloitte SM here, currently based out of USA, Leading their valuation practice since last couple of years.
Considering relocating to India and looking for any leadership opportunities with any of the big4. If any one is from talent here or someone has some reference, please feel free to reach out. Thanks. Deloitte Accenture KPMG PwC EY
McKinsey & Company Any advice to help prepare for data science analyst role at top consulting firms (McKinsey & Company EY Boston Consulting Group etc)? Any materials, open source platform recommended to take on freelance data science project? When should I start actively looking and applying? I am a new grad who is working in tech as a marketing analyst I’m looking to pivot to marketing& sales data science consulting next year. Would like someone with similar backgrounds offer some practical tips.
Any WhatsApp group for Pune Deloitte USI folks ?
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Additional Posts in Succession Planning: Buy/Sell Practice
Www.joinsfm.com. We are a firm based in Central Florida. Also have branches in Ohio. If you are looking to join a good independent practice that has a guaranteed succession plan......check out our website. 34 years in business and rank in the top 5 largest financial planning firms in Central Florida. Check is out.
Selling structured book of autocalls
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I am in the same exact situation. Not sure what to do. I have done 3 smaller transactions and am facing one of that size. I am looking at bringing another advisor in to help. I feel that it will shore me up to deal with margin compression.
The type of risk depends on if it is a purchase of broker dealer clients or RIA clients. There's differences. The brokerage numbers stats should be easy to get from those in the home office. The RIA model has a bit more risk in purchasing and you should plan that over a minimum 3 years with current advisor. Culture you bring should very closely match current RIA or you risk losing a lot of clients.
There is always risk with every transaction, but it really comes down to the relationships that have been built by the seller and can they transfer that relationship. On average transition rates are really good in the financial services industry, with most being well over 90%. Things like how frequently they contact clients, how long they have had the clients, is there any staff that would come with the transition and how many things are changing on the client can all have an effect. The real issue is how do you adjust for that risk in the price you pay for the business or how you pay for the business. There are many ways to structure the payments to adjust for client attrition, some better than others.
I'll buy half
Of course there is risk,... What crm notes exist what is the mix of fee vs commission,. What was good about previous purchases. What was negative. The fact your asking the question concerns me. What are your metrics?
Also, do you have the staff to service them? It’s not like collecting marbles...
How do you find these acquisitions? I’d love to acquire a smaller practice, but don’t know where to start?
In all 4 of mine ( the three small I have done and the pending large one ) the advisors all came to me. Not really sure how that happened.
Location?
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