21 episodes

The State of the Industry podcast is the go-to source for principals, advisors and decision-makers seeking insights into the trends, challenges, opportunities, and key M&A deals that are making news and changing our industry. Listen in as thought leaders give their opinions on the major industry developments and what advisors can be doing today to stay ahead of the curve.

Designed for both aspiring and established financial advisors as well as firm owners, our State of the Industry Podcast should be interesting for anyone looking to further understand the industry, develop their career, or care for their practice, employees, and clients. Visit https://allworthpartners.com/state-industry-podcast/ for more information.

Allworth Financial's State of the Industry Scott Hanson

    • Business
    • 5.0 • 6 Ratings

The State of the Industry podcast is the go-to source for principals, advisors and decision-makers seeking insights into the trends, challenges, opportunities, and key M&A deals that are making news and changing our industry. Listen in as thought leaders give their opinions on the major industry developments and what advisors can be doing today to stay ahead of the curve.

Designed for both aspiring and established financial advisors as well as firm owners, our State of the Industry Podcast should be interesting for anyone looking to further understand the industry, develop their career, or care for their practice, employees, and clients. Visit https://allworthpartners.com/state-industry-podcast/ for more information.

    Behind the scenes: Doing what’s best for my clients

    Behind the scenes: Doing what’s best for my clients

    OnFebruary’s State of the Industry podcast, “Behind the scenes: Doing what’s best for my clients,” Allworth award-winning Co-Founder Scott Hanson welcomes new equity partner-advisor Jeffrey DeBoer, the President of $180M DeBoer Financial Group.

    The two discuss:

    The “a-ha” moment when DeBoer realized it was time for a new journey
    That there are times when the highest offer isn’t an offer at all
    The questions he asked more than a dozen potential partners
    What a business relationship really comes down to
    Jeff’s role at Allworth
    And, what it feels like to stop running a business and get back to advising

     

    • 25 min
    When the success of your advisory firm takes over your life.

    When the success of your advisory firm takes over your life.

    Host Scott Hanson welcomes one of Allworth’s newest equity partners, advisor Chris Giordano, the founder of $315M Giordano Wealth Management Group.

    Hanson and Giordano discuss:

    How success can lead to burnout
    The conflict of being a hands-on advisor and running a business
    Why Giordano decided to partner with Allworth
    And, why he’s once again excited about advising

    Allworth’s SOI podcast is available at Apple Podcasts, Spotify, or on the Allworth Partner Program
    website.

    • 21 min
    Capital Gains Tax Changes Webinar – What This Could Mean for Your Firm and Your Future

    Capital Gains Tax Changes Webinar – What This Could Mean for Your Firm and Your Future

    In the latest edition of State of the Industry podcast, titled: “Capital Gains Tax Changes Webinar – What This Could Mean for Your Firm and Your Future,” host and Allworth Co-CEO Scott Hanson welcomes Financial Planning Association (FPA) President Skip Schweiss.

    The two dissect the impact of the pending capital gains tax increase on advisors who are nearing retirement.

    Highlights include:

    The details of the proposed capital gains tax increase legislation
    How the tax increase could affect the value of your advisory firms
    Why selling, creating a succession plan, or partnering now could save principals millions
    The importance of January 1, 2022
    How partnership equity could lower your tax exposure

    • 43 min
    What happens when a $2.8 billion firm partners with Allworth?

    What happens when a $2.8 billion firm partners with Allworth?

    Allworth Co-CEO Scott Hanson welcomes former RAA CEO John Bentley, the current Sr. Vice President of Allworth, and current Allworth COO Pete Engelken. The three talk about how two different. firms become a team, and how the COVID-19 pandemic added numerous unexpected challenges to the RAA/Allworth Financial unification that built trust and made the bond between the two firms stronger.

    Key Takeaways:

    What John Bentley and the RAA leadership were looking for in a partnership
    How the onset of COVID expedited the fledgling RAA/Allworth unification
    What happens behind the scenes when a $2.8 billion firm partners with Allworth?
    Why so many team members at RAA have found bigger roles with Allworth
    What was different about this partnership from any other
    Why there is no “one size fits” road map for combining firms, and how that leads to opportunity

    • 32 min
    Addition by Subtraction: When Success Means Doing Less

    Addition by Subtraction: When Success Means Doing Less

    On this episode, program host and Allworth Co-CEO Scott Hanson welcomes Mark Shone, CEO of Shone Wealth Management of Walnut Creek, California, and the latest firm to partner with Allworth Financial. Shone and Hanson discuss the “a-ha” moment when Shone realized that he either had to make a big change to his business or get out of advising altogether. 

    Key Takeaways:

    How the responsibilities of operating a firm took the joy out of advising
    What specifically attracted him to partner with Allworth
    How Allworth offers more potential career options for his loyal staff
    The reason he now wants to keep working for another 5-15 years
    Where he looked for, and found, the inspiration to join forces with Allworth

    To learn more, please visit: https://allworthpartners.com/

    • 24 min
    What it takes to be a Buyer of Firms

    What it takes to be a Buyer of Firms

    With 12 transactions under our belt, we have learned a lot about M&A best practices in our industry. How about you? Do you really understand what it takes to acquire or merge with a firm and realize the value of that deal in a meaningful way?

    In April’s State of the Industry podcast, Allworth Co-CEO and host Scott Hanson welcomes Pete Engelken, who has not only overseen 12 partnerships as COO of Allworth Financial, but has a long history of quarterbacking deals in the financial services industry..

    On “What it takes to be a buyer of firms,” Hanson and Engelken explain to listeners:



    How to find the right partner and cultural alignments
    Why every deal and negotiation are unique
    Where the money originates, how equity is earned, and who assumes the debt
    Overcoming common (and not so common) legal issues
    What industry regulations are at play in a deal
    Negative vs. positive client consent
    Aggregators vs. integrators vs. partial integrations


    It’s a white-hot seller’s market. Listen to two senior leaders of the 4th fastest growing RIA in America[1] come together to talk M&A.

    • 31 min

Customer Reviews

5.0 out of 5
6 Ratings

6 Ratings

Top Podcasts In Business

Ramsey Network
NPR
iHeartPodcasts
Guy Raz | Wondery
Andy Frisella #100to0
Jocko DEFCOR Network