![]() We want to ensure that advisors are positioned to take advantage of this opportunity. Our experience has put us at the forefront of the industry’s aging advisor demographics. We know how to source deals, assess a transaction, structure, and close deals. “Live Oak Bank has lent $1.1 billion in loans across 1,300 different financial advisory firms, primarily for acquisition or internal succession. Over the years we have seen many promising young advisors benefit from this natural change in the industry,” shared James Hughes, SVP of Investment Advisory Lending at Live Oak Bank. Additionally, as the many baby boomers reach retirement age, there has never been a greater need for advice. “Trillions of dollars in AUM will transfer hands over the next ten years. Live Oak Bank’s 2021 equity partnership loan activity finally outpaced M&A loans for full buyouts, matching FPT’s March 2022 Market Update which showed more than 50% of their 134 transactions also came from merger and equity transfers. Winners will be notified by Friday, August 5, 2022.Īccelerator partner and one of the largest originators of small business loans, Live Oak Bank, announced a lending milestone earlier this year, having surpassed one billion dollars lent to investment advisors, with 10% of that business supported in partnership with FP Transitions. Interested advisors should complete a brief interest form on the FP Transitions website here. “Anyone with the right attitude and intention can build a flourishing financial practice today, and our goal is to ensure those practices become enduring, sustained businesses that serve all clients well-beyond any one advisor’s career horizon.”Īs part of this initiative, FP Transitions is awarding free Festival passes to ten emerging RIAs looking to establish, grow, or acquire. The triad’s Advisor Accelerator Lounge will offer free, private, onsite consulting services to attending advisors, and feature James Fisher, JD, VP of Mergers and Acquisitions at FP Transitions, Scott Leak, CFP®, Senior Consultant at FP Transitions, James Hughes, SVP of Investment Advisory Lending at Live Oak Bank, and other experts in areas of equity-based transactions, mergers, and organic growth strategies.īrad Bueermann, CEO of FP Transitions, emphasized that being a well-versed business owner and financial advisor shouldn’t be reserved to those who have access to private equity or agree to follow a BD playbook. In hosting the event’s inaugural Advisor Accelerator Lounge, the teams hope to spark community, cutting through traditional constraints in the industry, and ignite intentional, transformative growth. Improving access to advice, data and resources for today’s emerging founders and next generation owners is at the heart of this initiative. Lake Oswego, OR, J(GLOBE NEWSWIRE) - Promising an experience that serves an inclusive community of up-and-coming advisors, this year’s Advisor Circle’s Future Proof Festival will feature an Advisor Accelerator Lounge, created and hosted by FP Transitions and partner, Live Oak Bank.
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