Like their clients, financial advisors sometimes need access to capital to expand their businesses, acquire other companies and retire. To address this need, Genworth Financial Wealth Management of Pleasant Hill, Calif., launched a lending service to give its advisors access to cash when they need it through its new Business Transition Services Program.
“We feel strongly enough about the core advisors who have really solid businesses that, if they are going to transition, we going to help them do it in a very intelligent way,” said Matt Matrisian, senior vice president and director of practice management for Genworth Financial Wealth Management. “We feel we can take on some of that risk.”
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