Do you remember the excitement and big dreams you had for your firm when you launched? The initial honeymoon period of launching an RIA fades over the years. One way I love to reignite my passion for the business is to update my vision for what the firm could look like 3 years from now. In this blog, we’ll dive into 5 tips for updating your advisory firm’s vision documents and share about Ellevate Advisors’ renewed 3-year vision! 

As the financial industry continues to evolve, it has become harder and harder for advisors to differentiate themselves. The big question is a familiar one. To niche or not to niche? Here's what I've learned about niching and how to connect to your ideal clients!

Writing your own retirement speech can be a special kind of intimidating and awkward! This is your career signoff, and there might be some big emotions involved. My father retired early due to his health. Using what I learned from my dad’s beautiful speech, check out these 5 tips to help advisors write their retirement speeches!

Younger advisors want to become successors but often feel that it’s “not their place” to bring it up. Senior advisors want to pass the torch but may not know how to start the conversation. I get that it can be intimidating to talk succession. So here are my conversation starter tips for sellers and buyers to gain the insights needed to start the succession dialogue!

Sellers in internal succession plans assume that their successor already knows how to run a firm and manage clients, and if they don’t, they start to look for a new buyer. This week, I'm sharing my most popular Meeting Agenda Template, which both buyers and sellers have come to love!

An advisory firm can have an excellent transition strategy, with the right team in place to execute the strategy, but the end result can be torpedoed by a low-trust tax, or multiplied by a high-trust dividend. So, how do we create trust? Keep reading to find out!

True family wealth is an abundance of what your family most treasures. Here's a formula your family can follow to create your own 100-year financial plan!

Being educated about money makes marriage, starting a family, and eventually retiring so much easier. Those are the things my dad truly cares about, but it all starts with a conversation about money. Here are a few tips on how to start a money conversation with your dad this Father’s Day!

Back in 1987, the average house price was only $104,000… Those were the good old days! That’s when my grandad made the life-changing decision to become a financial advisor. There’s so much we can learn from his story about the value of engaging our own financial planner, and how to retire successfully!

A Buy-Sell Agreement is like having a Revocable Living Trust for your business. For Advisory Firm Owners looking to start transitioning out of the business in the next 12-18 months, here are the key components of an Advanced Succession Plan.

Drama exists in every succession plan. Recognizing and overcoming drama is a tool you need to have if you want to secure a succession plan for your financial advisory firm.

It feels nice to sit back and enjoy the comfortable income from years of hard work building your advisory firm. But this mindset is causing your firm to lose value! There are 3 signs that tell you it might be time to exit.

If you think transferring your advisory firm to your children or an associate financial advisor is risky, you are right. Insider transfers face 3 risks, but we have a solution to each!

Working with family has a lot of benefits. However, there are also a lot of unique challenges. Some challenges can be divisive within the family and put the future of the business at risk. We’re going to outline 2 of the most harmful mindsets in a family business. Each comes with its own triggers that you can watch for in your family business and some solutions you can start implementing today.