Integrating Culture in Successful RIA Mergers and Acquisitions
Springer International Publishing (Verlag)
978-3-030-62443-9 (ISBN)
With organic growth becoming more and more elusive, Mergers and Acquisition (M&A) activity within the RIA industry is at an all-time high. In 2019, RIA merger and acquisition activity accelerated its momentum compared to the halfway point last year, with a strong second quarter that saw 33 deals for a total of 65 for the first six months, according to the DeVoe & Co. Deal Book.
While M&As may seem like "easy" growth for firms, the only easy part may be signing on the dotted line. Maintaining success by merging two firms hinges on a handful of key factors, and one of them is the careful integration of culture.
In Integrating Culture in Successful RIA Mergers and Acquisitions, Greg Friedman, a veteran financial advisor, and Cynthia Greenfield, a leadership and change management coach, share their blueprint for achieving and maintaining a successful, positive work culture, tackling head-on the obstacles that may appear during an M&A event, and offering solutions based on real-world experiences. This book will show the evolution of a $2B RIA over the course of 10 years, and pull back the covers with real stories of obstacles, adjustments, and victories along the way.
lt;p>Greg Friedman is an innovator and advocate for exceptional wealth management. He is co-founder and CEO of Private Ocean, one of the West Coast's leading wealth management firms, and also the co-founder and former CEO of Junxure, an industry leading CRM for advisors. He was named by Investment Advisor Magazine as a Top 25 most influential financial advisor in 2008, 2009, and 2010. In 2007, Charles Schwab honored him with its prestigious IMPACT Award® for "Best in Tech" award, in 2008 Financial Planning Magazine included Friedman in its elite list of financial "Movers and Shakers," and he was recognized in 2017 on InvestmentNews Icons and Innovators list. In 2018, Greg was named CEO of the Year at the WealthManagement.com Industry Awards. He is the author of two books for advisors, Advisory Leadership: Using the Seven Steps of Heart Culture to Create Lasting Success for Any Wealth Management Firm, published in 2015, and The Financial Advisor M&A Guidebook, published in 2018.
Cynthia Greenfield helps businesses develop strategies that build stronger relationships and create organizational growth during disruption and transition as a result of a merger, acquisition, change in management, or expansion with more than 15 years working with leaders and teams in the financial, technology, and academic sectors. Her goal is to inspire positive motivation, eliminate obstacles, and help move people and businesses forward purposefully and collaboratively. Working with executive teams and individuals, Cynthia focuses on the power of intention, thoughtful action, and accountability that drives and delivers meaningful results. She believes that clear communication, confidence, and productivity can be inspired if nurtured in a trusted partnership. Together, Cynthia and clients dream big, set goals, navigate obstacles, and build a roadmap to a complete and fulfilling life.
Chapter 1: Understanding and Succeeding at Change Management.- Chapter 2: Self-Assessment and Five Steps to Identifying Your Ideal Work Culture.- Chapter 3: First Impressions - Initial Discovery.- Chapter 4: Coming Face to Face: Expanding the Circle.- Chapter 5: Bringing it Together - Kicking off Cultural Integration.- Chapter 6: Timelines and Blueprints: Nurturing Your Integrated Culture.- Chapter 7: Repeating the Cycle, and Applying Lessons Learned.- Chapter 8: Preserving Culture During Extraordinary Times.
| Erscheinungsdatum | 09.04.2021 |
|---|---|
| Zusatzinfo | XXIV, 128 p. 6 illus. |
| Verlagsort | Cham |
| Sprache | englisch |
| Maße | 155 x 235 mm |
| Gewicht | 355 g |
| Themenwelt | Wirtschaft ► Betriebswirtschaft / Management ► Finanzierung |
| Wirtschaft ► Betriebswirtschaft / Management ► Unternehmensführung / Management | |
| Schlagworte | Change Management • cross cultural issues • Cultural integration issues • Financial advisor M&A • Integrating company cultures • Integrating company cultures after a merger or acquisition • M&A company culture • M&A deals for RIAs • Merging corporate cultures • Post-merger considerations • RIA culture and M&A • Why mergers fail |
| ISBN-10 | 3-030-62443-9 / 3030624439 |
| ISBN-13 | 978-3-030-62443-9 / 9783030624439 |
| Zustand | Neuware |
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