There’s a ton of money chasing wealth management firms these days, as recent blockbuster deals have once again demonstrated.
The soaring prices paid for wealth management firms have caused many to ask what’s the best way to get the most for ourselves, our families and our long-term legacy.
In fact, there are two clear paths a wealth manager can take. One is the Star Path and the other is the Franchise Path, as I like to call them. The Star Path is more immediate, and the Franchise Path is longer, riskier and requires more work.
The question is which path is right for you.