Retirement as Crisis vs. Retirement as Growth Opportunity

Larry Roth, CEO, Wealth Solutions Report

Succession Planning Blind Spots, Opportunity in the Credit Union Wealth Management Space and Industry-Leading Panelists Judging the WSR Growth & Innovation Awards

To My Fellow WSR Community Members:

We all have blind spots, and even the best and brightest among us can’t see them until a friend kindly but painfully points them out. 

Approaching retirement requires succession planning and any blind spots in that plan can devastate your retirement, harm your trusting clients and, if your plans center on your adult children, leave disappointment and a diminished inheritance. 

This week, we assembled a panel of experts to answer tough questions from an anonymous reader about succession plans gone awry.

But looming retirement can work in your favor – especially clients’ retirement – as they seek out your planning expertise. 

In fact, a sharp upturn in credit union members needing retirement planning services is driving a growth boom in the credit union wealth management space – a topic we cover in this week’s focus on the sector’s growth, obstacles and trends.

Credit union – not for profit, not for charity, but for service.

This Week’s Issue

Here’s what we have on tap this week:

  • In our Capital Connections section, Valorie Seyfert, the President and Co-founder of CUSO Financial Services (CFS), the only credit union-focused independent broker-dealer, discusses the growth opportunities, needs and challenges of the credit union wealth management space and CFS’ rapid growth and unique offerings for this sector. 
Preparing the next generation has a lot to do with financial literacy.

Implement controls and drive towards growth.
  • In Beltway & Beyond this week, Essential Edge’s Sander Ressler, our regular compliance supervision contributor, offers his thoughts on how small to mid-sized independent broker-dealer / RIA firms can best leverage their compliance functions to help drive forward an effective turnaround strategy so they can reposition themselves for growth.

Malamed and Theder Join Judges Panel for WSR Growth & Innovation Awards

In addition, I’m excited to announce that Susan Theder, Chief Marketing & Experience Officer of FMG Suite and Adam Malamed, CEO of Ajax Investment Partners will join the WSR Growth & Innovation Awards’ panel of judges for the Hybrid RIA / Independent Financial Advisor Group of the Year. You’d be hard-pressed to identify industry leaders who are better equipped to judge this award than Adam and Susan. 

This category is open for application until March 15 and your firm may nominate itself. We will award two winners and three honorable mentions on the week of April 11, with other award categories following throughout the year. Details are in this week’s Words in Edgewise section.

If you have friends and colleagues in credit unions or currently formulating succession plans, please share our experts’ guidance with them directly or through our social media accounts. 

Also, please continue to send us your most difficult questions. We will find the right industry experts to share solutions for you and the entire WSR Community.

As always, I thank you for your continued support and participation. 

Here’s wishing you a great holiday weekend as we celebrate the legacy of Dr. King! 


Larry Roth, CEO

Wealth Solutions Report

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