Allworth Financial's State of the Industry

Allworth co-founder and program host Scott Hanson welcomes new Boston-area equity partner, Laurie Ingwersen, CFP®, co-owner of The Harvest Group. Laurie, whose business partner is her father, Roger Ingwersen, discusses why her firm elected to conduct their own due diligence, how Allworth’s internal culture is unique, and why she chose to partner with a larger firm rather than buy her father out.

On this episode of State of the Industry podcast, “Partnering with Allworth gave me back my life,” host Scott Hanson discusses with equity-partner Kathleen Carpenter what the partnership has meant to the career tracks of her employees and what a pleasure it has been to reclaim some life-work balance.

Key Takeaways:

• Why the difficulty recruiting young advisors made partnering easier
• The difference maker that is Allworth’s enhanced partner-employee career track
• What it means to achieve a 99% client retention rate after the sale
• The joy of relinquishing the day-to-day responsibilities of running an office

Allworth’s State of the Industry podcast: “There was Allworth and then everyone else.” Host Scott Hanson welcomes equity partner, Albuquerque-based advisor, Matt Keller, who discusses when his firm and two co-principals suddenly realized they needed to implement a succession plan.

Scott and Matt discuss: 

• The moment they knew needed a succession plan
• What differentiated Allworth
• How it feels to achieve a true work-life balance
• The key differentiators between Allworth and other firms
• What the merger has been like

On Allworth’s SOI podcast, “Confronting the emotion of selling your practice,” host and Allworth Co-Founder Scott Hanson welcomes David DeVoe, CEO of DeVoe & Company, to discuss their new collaborative white paper, “The Heart of the Deal,” an examination of the emotion behind selling one’s life work.

Allworth’s State of the Industry podcast: “How a health emergency convinced me I needed a succession plan.” Host Scott Hanson welcomes equity partner, Durham-area advisor, Eric Chetwood, who discusses how cancer motivated him to re-evaluate and improve his advisory work-life balance.

Scott and Eric discuss: 

• How being diagnosed with stage 4 cancer forever changed Eric’s priorities
• How Allworth was different than the other firms he spoke with
• Eric’s role with Allworth
• How the partnership has simplified his life

On Allworth’s SOI podcast, “What does unsustainable success look like?” host and Allworth Co-Founder Scott Hanson welcomes, David Johanson, who speaks to how today’s regulatory requirements simply can’t be managed without the larger infrastructure of a partner firm.

Host Scott Hanson welcomes equity partner, Phoenix-area advisor, Kelly Richards, who discusses how cancer forced him to re-evaluate and improve his advisory work-life balance.

Hanson and Richards discuss:

• How being diagnosed with cancer forever changed Kelly Richards’ perspective
• Why the decision to partner with Allworth seems obvious now
• Richards’ role with Allworth
• Why it feels like the weight of the world has been lifted

On February’s State of the Industry podcast, “Behind the scenes: Doing what’s best for my clients,” Allworth award-winning Co-Founder Scott Hanson welcomes new equity partner-advisor Jeffrey DeBoer, the President of $180M DeBoer Financial Group.

The two discuss:

• The “a-ha” moment when DeBoer realized it was time for a new journey
• That there are times when the highest offer isn’t an offer at all
• The questions he asked more than a dozen potential partners
• What a business relationship really comes down to
• Jeff’s role at Allworth
• And, what it feels like to stop running a business and get back to advising

Host Scott Hanson welcomes one of Allworth’s newest equity partners, advisor Chris Giordano, the founder of $315M Giordano Wealth Management Group.

Hanson and Giordano discuss:

• How success can lead to burnout
• The conflict of being a hands-on advisor and running a business
• Why Giordano decided to partner with Allworth
• And, why he’s once again excited about advising

Allworth’s SOI podcast is available at Apple Podcasts, Spotify, or on the Allworth Partner Program
website.

In the latest edition of State of the Industry podcast, titled: “Capital Gains Tax Changes Webinar – What This Could Mean for Your Firm and Your Future,” host and Allworth Co-CEO Scott Hanson welcomes Financial Planning Association (FPA) President Skip Schweiss.

The two dissect the impact of the pending capital gains tax increase on advisors who are nearing retirement.

Highlights include:

• The details of the proposed capital gains tax increase legislation
• How the tax increase could affect the value of your advisory firms
• Why selling, creating a succession plan, or partnering now could save principals millions
• The importance of January 1, 2022
• How partnership equity could lower your tax exposure