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Company Details
WealthPlan Group "WealthPlan" is a firm built by advisors, for advisors, from the very beginning. Founded in 1989, WealthPlan group has grown into a $1.8 Billion firm that wants to help advisors focus on the tasks they enjoy. Throughout its history, WealthPlan has added services like business retirement planning, business exit consulting services, risk management, and a business consulting division to support its advisors.
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Company Videos
Acquisition Model
Minority, Majority, and Full Acquisition
Direct Rollover Equity
Yes
Max Cash: 65%
Max Equity: 30%
Compensation will consist of a salary plus a 50/50 split on EBOC for majority and full transactions. The structure for minority transactions is still to be determined.
Mandatory Points of Alignment
WealthPlan would like all partners to adopt its brand, but understand it might take time to transition. WealthPlan permits partners to co-brand for up to 36 months.
WealthPlan asks all advisors to adopt its central back office operations. This includes compliance, HR, billing, trading, technology, etc.
Advisors have total autonomy over their calendar.
Partner/advisors will still maintain visibility into their local P&L and will work with the WealthPlan team to set budgets.
WealthPlan would like all advisors to adopt its technology stack. Beyond the centralization of systems, WealthPlan believes all advisors have a unique client experience and do not want to get in the way of their proven process.
WealthPlan has practice management resources that are encouraged but not required.
Partners can continue to manage their own strategies. Currently, trading is not centralized; however, WealthPlan wants to centralize this in the future.
Advisor Value Proposition
WealthPlan offers a comprehensive suite of actively managed solutions designed to empower advisors in delivering measurable alpha to their clients' portfolios. The team comprises a Chief Investment Officer along with dedicated analysts and traders, providing robust support to meet the diverse investment needs of advisors.
WealthPlan does not currently offer centralized planning support but looks to provide this service in the future.
WealthPlan provides a comprehensive suite of technology, investment solutions, and operational processes that empower advisors to focus on building client relationships and growing their businesses. The ideal vision for WealthPlan is for each advisor to have one office manager or staff member with operational expertise, who can be trained in their systems to enhance efficiency and support.
Beyond portfolio management and financial planning, WealthPlan offers retirement planning, business exit planning, and insurance.
WealthPlan is in the Schwab Advisor Network and has a dedicated person to help manage this relationship. The firm is also actively hiring a Director of Marketing to help support advisors in social media, email campaigns, events, and more.
WealthPlan Group partners with Model FA to assist in business coaching. Through this relationship, advisors can participate in mini-study groups and annual partner events.
AUM Growth
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