Goal. You've spent years building your business - a business that provides for you and your family. But like so many other advisors, you do not take seriously the risk management steps around contingency planning you recommend to your clients. The business relies entirely on you to operate.
Issue 1. You may or may not have an informal agreement with another RIA down the street to manage the transition for your family should disaster strike -- and, if you do, your clients have never been introduced to him, he may deliver lesser levels of client service and he may not subscribe to your investment philosophy. So when disaster strikes, your clients are under-served, the value of your business is thrown into question and your family is left wondering how they will get by.
Issue 2. Multi-partner firms face a similar issue when each partner takes responsibility for a specific area of the business -- sales and marketing or financial planning or investment management or operations. When disaster strikes or when one of the partners leaves the firm unexpectedly, the remaining partners are left scrambling to fill a hole that is often outside their expertise and day-to-day familiarity.
Solution. When you outsource investment management and operations to Pinnacle Advisor Solutions, your business will not miss a beat even when disaster strikes. Our service teams will be there delivering high quality service and business continuity so your family and/or your business can take appropriate steps.