You Just Got the News – Your Advisor is Retiring

by Tasha Borglum 

The advisor you’ve known and loved for many years is retiring. What now?  

The sale of an Advisor’s practice can take many forms: selling to a private equity firm, joining another Registered Investment Advisor (such as Moneta) with a deep bench of talent or selling to another solo Advisor running his or her own small firm are the most common.  

You may be asking yourself if your current Advisor’s exit approach is the right solution for your family, which can lead to an even more difficult question…is it time for a proactive change?  

This can be difficult to answer. If you find yourself in this predicament, take the time to review your short and long term financial needs as well as those for your family’s next generation. Consider all these characteristics:  

    • The quality and experience of the advisor and their surrounding team;
    • The ownership of the firm, especially if a new owner may be making significant changes;
    • The client-to-advisor ratio and how that impacts your advisor’s capacity to provide a high level of service;
    • The resources and support system behind your advisor, including updated technology and specialized expertise for rapidly evolving topics such as investments, estate planning, and tax law

A comprehensive transition plan takes years to plan and successfully execute. An Advisor is doing the team clients and the team employees a disservice by not taking this topic seriously and making plans years in advance of an actual exit. Having gone through the process myself as the successor to a retiring Moneta Partner just a few months ago, I can attest to the importance of proper planning for all parties involved.  

If you have questions or would like more information, the Borglum Team can help. We offer a free consultation and are always available to discuss how we are positioned to serve you and your family for generations. For more information, please contact me at 


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