Succession and Liquidity: Key Considerations and Options for Founders and Next Gens

The Diamond Podcast for Financial Advisors

With Jeremy Holly, Executive Vice President Strategic Business Development and Jared Fingeret, Senior Vice President—LPL Financial

Overview

Succession and monetization are hot topics for advisors in every model. LPL Financial’s Liquidity and Succession program representatives discuss what advisors, independent business owners, and next gens need to consider as they grow their businesses and explore long-term and short-term options, plus best practices to prepare for a transition and maximize business value.

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NOTE: The views and opinions expressed by the guests on this podcast are their own and do not necessarily reflect the views and opinions of Diamond Consultants. Neither Diamond Consultants nor the guests on this podcast are compensated in any way for their participation.

About this episode…

Succession planning is one area in wealth management that seems to have trouble keeping up with the industry’s growth and evolution.

Research studies indicate that less than 30% of advisors have a succession plan. Many more who run thriving businesses have no strategy at the ready should a worst-case scenario leave them unable to attend to their clients’ needs or even continue their livelihood.

Likewise, many advisors are still looking at the equity they’ve accumulated in their firms and wondering how they can access it—whether to monetize their life’s work or reinvest in the business’ growth.

While advisors have a lot to evaluate, including many prospective external capital partners and investors, the good news is that there are firms that realize there are great partnership opportunities available internally with these thriving practices.

In this episode, LPL Financial’s Jeremy Holly, Executive Vice President of Strategic Business Development, and Jared Fingeret, Senior Vice President, join Louis Diamond to discuss this critical topic.

Jeremy and Jared represent LPL’s Liquidity and Succession program, which provides end-to-end solutions for advisors looking to increase business value and monetize the legacy they’ve built.

So in this episode, they share perspectives for both business founders and next gens on what they need to consider as they grow their businesses and explore both the long-term and the short-term, including:

• Succession options that exist for advisors—and how new pathways are being born every day.
• Sunset deals offered by the wirehouses—and how they might compare to an option from a firm like LPL or others.
• Monetization options—and how each avenue can impact a business owner and the next gen.
• The state of valuations—and what advisors need to know and the steps to take to maximize the value of their business.

It’s a conversation relevant to advisors and next gens in the wirehouses, independent firms, and everywhere in between.

Want to learn more about where, why, and how advisors like you are moving? Click to contact us or call 908-879-1002.

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The Next Gen Dilemma: 5 Unique Realities Faced by Successors
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Top Tips for Setting Your Business Up for Success Years Before a Move
In this document, we have compiled the most salient tips collected from over two decades of helping our advisor-clients through successful transitions. Whether you’re just at the curiosity stage or are deep into the due diligence process, there are plenty of things you can be doing in the background to prepare your business and team for a potential move.

Jeremy Holly
Executive Vice President

Jeremy Holly serves as Executive Vice President of LPL Capital Partners for LPL Financial. In this role, Holly and his team are responsible for the creation, development, execution and oversight of LPL’s suite of offerings designed to help financial advisors looking to grow through acquisition, access liquidity from their business, monetize their life’s work through a sale of their practice or protect the legacy they’ve built.

Serving as a key leader with LPL for more than two decades, Holly has held numerous roles across corporate development, advisor financial solutions, national sales, strategy and finance. After stepping away for two years to serve as chief development and integration officer for SageView Advisory Group, where he was responsible for the firm’s acquisitions, recruiting, and synergy realization, Holly rejoined LPL Financial in 2023.

Holly is a graduate of the University of North Carolina at Chapel Hill with a Bachelor of Science in Business Administration. He lives in San Diego.

Jared Fingeret
Senior Vice President

Jared Fingeret serves as Senior Vice President of LPL Liquidity & Capital, which addresses advisors’ monetization and succession needs. In this role, he is responsible for crafting the strategy and execution of LPL’s proprietary M&A offerings to help financial advisors monetize their business through either a full or partial book sale, transition out of their business, or protect the legacy they’ve built.

With more than a decade of experience in the financial services industry, Fingeret joined LPL Financial in 2022 from HighTower where he served as Director of M&A. He also held previous roles with Focus Financial Partners and Deloitte.

Fingeret is a graduate of Rutgers University with a Bachelor of Science in Finance. He lives in Brooklyn, N.Y. with his wife, two children, and their cat, a Russian Blue, named Boris Ivanovich.

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