DON'T LET YOUR BUSINESS DIE WITH YOU
How long will your employees work without getting paid? How long will your offices stay open without the bills being taken care of? How long will clients stay with your practice without anyone licensed to run it, or to give advice? We can't say for sure, but what we do know is with each passing day, your business will be worth less than it was the day before.
13%
RIA firms with < 50M AUM with a succession plan
60%
Advisors without a succession plan who plan to retire within 5 years
168
There's 168 hours in a week. Without a succession plan, the business loses value EVERY hour past 168.
WHY OECONOMUS?
It's an ancient Greek word meaning 'manager' or 'housekeeper'. In Byzantine times the term was used as a title of a manager or treasurer of an organization. Without a designated signor on your business accounts, a licensed Investment advisor, and a Chief Compliance Officer, your business is DEAD!
Traditional succession planning is flawed! You either have to train a Junior Advisor to take over YOUR business and hope they'll beat the odds and stick with it, or you have to sell your practice to another firm. The problem here, is most of these transactions are on terms. Meaning, you're essentially paying someone else to own your firm.
Don't sell your firm and don't waste thousands of hours trying to groom a successor. We are the life-line that will save what YOU have built. If you get sick, or pass away, or just get fed up, then we'll step in.
WE STEP IN
02
With two days of being notified a death or illness, we send our team to the Advisor's office to meet with staff. They'll identify critical tasks to be fulfilled and the one's we can outsource to our office.
The staff, which is often family, get's time to mourn rather than fielding client inquiries.
03
By day three, we begin a mass email and text campaign to inform ALL clients of the Advisor's death or illness.
We will use technology to replicate the Advisor's office number or email address, so clients feel this is being done locally.
We will assure clients there is a plan and that more information will come shortly.
05
By day five, we will begin scheduling phone and virtual meetings, which should be completed within the next 3 business days.
At this time, we will mail a hand-addressed, pre-written farewell letter from the Advisor.
These steps will nearly eliminate client attrition, preserving the value of the business for the family.
14
By day 14, we will have a licensed advisor on site to meet with clients.
Any tasks which were outsourced to our office will start to transition back to the Advisor's office.
From here, clients will have regular access to one of our licensed advisors until the practice is sold.
This maximizes value for the family and preserves employment for the staff.
ARE YOU PREPARED?
AUTHORIZED SIGNOR
Many advisory practices only have one authorized bank signor, some have a second, which is the spouse. Click above to learn why this often doesn't work.
LICENSED ADVISOR and CCO
Do you have another licensed advisor in your practice? If not, after your death, advisory fees often stop. Click above to learn why you need more than just a junior advisor.
ALTERNATIVE TO SUCCESSION PLANNING
Whether you get sick, die unexpectedly, or just decide you want out, we can help. Click above to learn how we can help maximize the value of your practice before or after death.
THE TEAM
Michael has is a well known author and speaker within the financial industry. His work has been cited by Forbes and his best practices pieces have been read by tens of thousands of advisors nationwide. He is an experienced CCO who will step in and guide your team when you can't.
MICHAEL JAY MARKEY JR.
Founder
When you pass, our team will step in. Our team can seamlessly take over payroll, client communications, and office admin. tasks, so that your staff, and your family can focus on their loss rather than focusing on maintaining client interactions and relationships
THE TEAM
Administrative
For more than two edades, Dale launched and managed national brands generating over 3B in revenue. Since 2008, he has been a licensed advisor guiding individual retirements. He will bring expertise, integrity, and care to your clients.
DALE ANDERSON
Licensed Advisor
