Practice structure

Risk alert: The agency expects advisors to follow these steps.

Only about 5% still charge them, according to a Financial Planning study.

By applying these tactics to their practices, planners can improve their finances, while also helping clients improve theirs, according to columnist John J. Bowen Jr.

It’s tremendously rewarding to help people make smart decisions about their wealth.

Three experts on building a valuable business that is attractive for sale

Comprehensive valuation gives a picture of the present and helps build strategies for the future.

Identify seasoned advisers who can be trained to become the next generation of leaders.

The method is gaining traction, even as some warn against abandoning the regular approach.

Firms can add clients and improve eventual purchase prices by planning for the future.

Unexpected health emergencies make succession planning much more than a retirement issue.

Some make a complete break from their firms, while others opt to maintain a part-time presence.

With more focusing on specific client niches, it makes sense to go where the money is.

With more focusing on specific client niches, it makes sense to go where the money is.

This strategy can help attract and retain talent, which is essential to a practice’s success.

Search for advisers who come with a smooth onboarding process.

Adviser Barbara Shapiro explains the personal journey of taking the reins after losing her longtime partner.

Having a third party administrator on your side can help appeal to current and prospective clients.

"The past couple of years have been the hardest of my life,” says planner Dave Grant, who has changed his business model and his personal approach to solving problems.

Advisers might want to steer their practices away from doctors and toward millennials.

Accommodating work arrangements are needed to attract and retain valuable talent, but they are underused in advisory offices.