APFS Announces its Association with FP Transitions for Comprehensive Succession Planning Services.
APFS has contracted with FP Transitions to provide practice valuations, internal succession planning guidance, disaster planning solutions, partnership and group practice support, and sales and acquisition tools, including a private labeled transition portal. "Our commitment to our advisors requires that we provide them the tools and support in this area to continue to be leaders in this industry. FP Transitions' program provides a turn-key solution to the problem and an affordable choice of services," said Melissa Grappone, Director of Corporate Communications at APFS.
This industry-leading succession planning initiative includes annual goals for both companies to implement written, short-term continuity plans and long-term succession plans, in addition to providing a minimum number of practice valuations and succession planning workshops. The private labeled transition portal will provide APFS advisors with information and a listing platform through which they can obtain information on a confidential basis and buy or sell entire or partial practices within the APFS network.
The program will provide a unique package of services, most using a fixed, flat-fee approach for the engaging business owner, and a non-advocacy delivery method that acknowledges a team approach to succession planning between owner and eventual successor. The APFS program also includes:
* Free membership and access to FP Transitions website
* Instant e-mail notifications of new practices for sale
* Exclusive "members only" conference calls for APFS advisors on succession planning issues
* Access to the FP Transitions Knowledge Center, complete with white papers, podcasts, deal and tax calculators
* Discounts on consulting services and Comprehensive Practice Valuations
Aside from giving everyone complimentary access to the FP transitions website, for all registered representatives and financial advisors whose gross commissions and advisory fees exceed $225,000 for the trailing twelve months, APFS will pay an additional 50% of all fees for valuation, purchase and sale of a practice provided that the practice comes to or remains at APFS.
David Grau Sr., JD, President of FP Transitions, said, "We are proud to partner with APFS. As one of the largest independent broker/dealers in America, we are very pleased that APFS' management is taking the lead to deliver a comprehensive solution to its advisors. Ms. Grappone added, "Our commitment to our advisors is second to none. Providing them with the valuation and succession planning services offered through FP Transitions underscores our commitment."
Stated APFS President, Frank A. Tauches, Jr., "As an independent broker/dealer, we owe our financial service professionals the very best in evaluating and planning for the growth and eventual transition of their practices. Our Partnership Program will provide that important element of succession planning and FP Transitions is the organization we have selected to accomplish it in the most effective way."
About APFS Financial Services
Headquartered in Holbrook, NY, APFS Financial Services, Inc. (APFS) is a full-service independent broker/dealer, offering a complete range of financial services, including personal financial and retirement planning, securities trading, mutual funds, access to investment research, long-term care planning, insurance products and tax-free investing. Fee-based asset management is offered through its sister subsidiary company, APFS Advisors, Inc.
APFS was founded in 2001 by Lon Dolber, (CEO of the firm's parent company, American Portfolios Holdings, Inc.), and a group of colleagues. Its purpose is to serve investment professionals in private practice. A veteran financial professional himself, Dolber created APFS to provide unparalleled service to the firm's clients and representatives versus a company which is a financial product distribution network. He has cultivated a professional environment for financial professionals to be independent, earn equity ownership in the company and offer unbiased investment recommendations to their clients without the pressure of having to sell proprietary products, a fact-of-life for representatives of many other firms.
About FP Transitions
Headquartered in Portland, Oregon, FP Transitions provides practice valuation, continuity and succession planning, and consulting services exclusively to the financial services industry.
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|Date:||Feb 28, 2008|
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