WEBINAR | Board of Directors Fiduciary Oversight and Education
Assessing a Non-organic Growth Strategy
Objectives: Develop an understanding of the opportunities and challenges when considering non-organic growth in the Wealth space.
Institutions frequently look to reinvest into their businesses in order to expand operations, create succession plans, or add staff resources. It is no secret that successfully growing your business through acquisition can be challenging. Cultural synergy, rules of thumb, and an unrealistic view on value and funding the transaction are just a few of the many hurdles acquirers face when approaching a target. This session will address “non-organic” growth strategies that will include:
- Trust Acquisitions
- RIA Acquisitions
- Team “Lift Outs”
- Partnerships with other organizations
- Geographic “De Novo” expansion
There are certain steps a Firm interested in inorganic growth should take in order to be successful. Whether you’ve been in business one week or thirty years, growing your business quickly and efficiently through acquisition is often a strategic objective. Considerations include:
- Advantages and disadvantages of the “strategies” listed above.
- What type of acquisition is best for your business? There are many factors to consider - the phase of your business, cultural fit, business mix, structuring and funding.
- Discussions regarding the opportunities in your core or neighboring markets?
- Orchestrating acquisitions – How to make it happen?
The need to conduct this program is situational. If your organization, like many, has as a strategic initiative non-organic growth, this program would be advised.
