Succession planning

Passing down patents

Assets such as trademarks and patents can hold considerable value. Protecting your ownership of intellectual property can ensure your successor’s competitive edge.

By Patricia Harris |September 24, 2012

2 min read

Industry

Canada’s top 50 young entrepreneurs

Want to expand your list of entrepreneur and business owner clients? Well, look no further. Profit has just released its 13th annual list of the 50 most successful new growth companies in Canada. Read: Hot 50: Meet the stars of growth and Looking after wealthy clients The vast majority of the companies listed (80%) started […]

August 29, 2012

1 min read

Industry

Never too early for succession plans: BMO

Creating a will—while important for any client—is particularly critical for business owners. And more than one-third of Canadian small business owners are actively putting a succession plan in place, says a BMO study released today, which is a significant increase from the 15% who reported having a plan in 2010. Read: Small businesses lag on […]

By Staff |July 19, 2012

2 min read

Planning and Advice

Lack of leadership stunts business growth

The majority of corporate executives (75%) question whether their senior executive teams possess the appropriate mix of skills to generate growth for their companies and seek out global opportunity in the coming year, according to the latest executive survey by The Korn/Ferry Institute.

April 5, 2012

2 min read

How to advise business owners

Your clients are successful business owners. They’ve invested years and the bulk of their financial assets into the business they’ve grown. But helping clients move on from the company they’ve built can be daunting.

By Dave Zimmel |February 6, 2012

5 min read

Briefly: “RBC executive named SIFMA chair” and more news

John Taft, CEO of RBC Wealth Management (U.S.), has been named 2011 chair of the Securities Industry and Financial Markets Association (SIFMA), a securities industry trade group representing securities firms, banks and asset management companies in the U.S. Taft’s appointment follows his role as 2010 chair-elect of SIFMA. During his tenure as SIFMA chair, Taft […]

By Staff |November 10, 2010

3 min read

Exit planning: Doing your due diligence

Buying a practice or a book of business isn’t as simple as signing on the dotted line. If you want to make sure you’re getting the right deal, it’s mandatory that you conduct due diligence. But what exactly is due diligence and why does it need to be performed?

5 min read

Exit planning: Successfully reaching qualified buyers

Building a practice is no easy task, but when the time comes time to sell you want to make sure you’re getting the best possible deal. Unfortunately, many advisors don’t know the first thing about putting their business up for grabs.

4 min read

Exit planning: How much is your practice worth?

There is no hard rule of thumb or magic formula that can be used to value a practice and typical valuation guidelines can be simplistic and fail to produce a realistic market value for the average financial services practice. Understanding the factors that drive the value of a financial services practice, however, is an important part of increasing short-term and long-term profitability.

5 min read