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Running an RIA · Podcast

Preparing Your Practice for a Sale With Michael Belluomini and Liam Heffernan

For owners thinking about a sale or partnership, the episode frames preparation as an operational and data exercise rather than only a valuation conversation. It also flags the non-financial factors buyers reportedly examine, such as team strength, documented organic growth and cultural fit.

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Summary

By the running an ria desk

Matthew Jarvis talks with Michael Belluomini and Liam Heffernan of Carson about what it takes to prepare an advisory practice for a sale or partnership. The episode covers the time commitment involved, why clean financial data matters, and how a banker can help advisors move through the process while keeping their focus on growth. It also addresses the emotional side of selling, questions to ask advisors who have already made the transition, and what buyers weigh beyond the numbers.

  1. Preparing for a sale or partnership takes a meaningful time commitment from the advisor.
  2. Clean financial data is described as important to the process.
  3. A banker can help advisors navigate the process without losing focus on growth.
  4. Buyers look beyond the numbers, with teams, documented organic growth and cultural fit mattering more than headline multiples.

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Videos and podcasts are embedded from their publishers. Selections and summaries are editorial and are not investment advice.

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