How to Buy Out a Partner in Your Financial Advisory Firm Buying out a partner in your financial advisory firm means purchasing your partner’s ownership share so you become the sole or majority owner. A partner might retire, move to a new career, or want to cash...
Perpetuation Planning for Insurance Agencies: Funding the Next Owner Every independent insurance agency reaches a turning point. The founder steps back, and a new owner steps in. Insurance agency perpetuation planning prepares you for the handoff. A good plan keeps...
Funding Growth for Your Financial Advisory Practice Growing a financial advisory practice takes capital. You might hire an associate advisor. You might buy a retiring advisor’s book of business. You might open a second office. Each move costs money before it...
What Lenders Review When You Apply for an Agency Acquisition Loan When you apply for an agency acquisition loan, a lender is answering one core question: will the agency you buy keep earning commission income after the sale closes? An agency acquisition loan funds the...
Debt Consolidation for Insurance Agencies: How to Simplify Multiple Loans Debt consolidation for an insurance agency combines several business loans into one loan with a single payment. Instead of tracking many due dates, interest rates, and lenders, you make one...
How to Finance an Insurance Agency Acquisition: A Buyer’s Guide Buying an insurance agency is a big step. Insurance agency acquisition financing gives you the money to buy an established book of business. You do not have to drain your savings. This guide shows...
