Josh Patrick, Founding Principal of Stage 2 Planning Partners has spent his adult life running and building businesses. For the first twenty years of his business career, he was President and operated Patrick’s Food Service. From a company with one employee Josh built the company to four branch operations with 90 employees. read more ...
If you want your wealth management firm to have real value to an outside buyer, remember that buyers are interested in a increasing and ongoing revenue stream. They are not especially interested in buying a business that depends on your skills at working with clients or that requires highly specialized knowledge. It’s not that these things aren’t valuable; it’s just not very valuable to a buyer of your firm.
Josh Patrick, Founding Principal of Stage 2 Planning Partners has spent his adult life running and building businesses. For the first twenty years of his business career, he was President and operated Patrick’s Food Service. From a company with one employee Josh built the company to four branch operations with 90 employees. 
If you want your wealth management firm to have real value to an outside buyer, remember that buyers are interested in a increasing and ongoing revenue stream. They are not especially interested in buying a business that depends on your skills at working with clients or that requires highly specialized knowledge. It’s not that these things aren’t valuable; it’s just not very valuable to a buyer of your firm.