• SuccessionFit Podcast

  • By: Tom Hine
  • Podcast

SuccessionFit Podcast

By: Tom Hine
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  • Summary

  • In the SuccessionFit podcast, financial advisor and 4th degree black belt Tom Hine, CFP®, CFS, MBA, explores the world of succession and continuity planning through the lens of health, wellness, and eastern philosophy. This podcast is for advisors and small business owners moving on to the next stage of their business careers, whether that is exit planning or growth strategies. Drawing on his experience of buying seven wealth management firms and doing due diligence on more than a hundred others, Tom aims to help owners maximize and monetize their life’s work by showing them how to prepare their company for sale or merger, and the importance of protecting their health, as well as their wealth. Guest or topic suggestions: www.capitalwm.com/successionfit-podcast Contact Tom: https://www.linkedin.com/in/hinetom/ Securities and advisory services offered through Commonwealth Financial Network, Member FINRA/SIPC, a Registered Investment Adviser. Fixed insurance products and services offered through CES Insurance Agency.
    © 2024 Tom Hine
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Career Success Economics Management
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Episodes
  • Jay Rasmus

    Jay Rasmus
    Jul 21 2022
    “The smaller firms definitely have an issue with getting up to speed with all the laws and the changes. It’s so complex today that unless you have an expertise or do it everyday you can’t just pick it up one time and expect to be an expert in it. The smaller firms clearly have that fault, they may have a small little niche, but anything outside that niche, they don’t have the expertise.” In this episode, Tom Hine speaks with Jay Rasmus. Jay is a partner at Mahoney Sabol & Company, LLP, an accounting firm that provides comprehensive accounting, auditing, tax, and business consulting services to a wide range of clients and industries. They discuss the biggest challenges in the tax preparation business, classic accounting mistakes, and the implications of any potential RMD age increases. Mahoney Sabol & Company, LLP: https://mahoneysabol.com/ Connect with Tom: https://www.linkedin.com/in/hinetom/ Feedback: https://www.capitalwm.com/successionfit-podcast Securities and advisory services offered through Commonwealth Financial Network, Member FINRA/SIPC, a Registered Investment Adviser. Fixed insurance products and services offered through Capital Wealth Management, LLC or CES Insurance Agency.
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    14 mins
  • Carolyn Armitage

    Carolyn Armitage
    Jun 2 2022
    “(Advisors) have been there through thick and thin holding their clients’ hands, and it is a very connected service business, where very few advisors are willing to sell out, so to speak, simply to get the highest deal structure for themselves. Most of them really want to make sure their clients are well taken care of, even before themselves.” In this episode, Tom Hine speaks with Carolyn Armitage. Carolyn is the Head of Thrivent Advisor Network and has over 30 years of experience in the wealth management industry. They discuss how the future care of an advisor's clients is often the most crucial factor in a deal structure, the conflict inherent in the "founders dilemma," the professionalization of the wealth management space, and the future impact of the COVID pandemic. Thrivent Advisor Network: https://www.thriventadvisornetwork.com/ Connect with Tom: https://www.linkedin.com/in/hinetom/ Feedback: https://www.capitalwm.com/successionfit-podcast Securities and advisory services offered through Commonwealth Financial Network, Member FINRA/SIPC, a Registered Investment Adviser. Fixed insurance products and services offered through Capital Wealth Management, LLC or CES Insurance Agency.
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    36 mins
  • Teresa Benning

    Teresa Benning
    May 5 2022
    “If you’re going to start a business, know how you’re going to get out of that business. Whether it’s 5 years, 10 years, 20 years – what’s your endgame? What do you want to get from this business before you get out of this business? And how do you see the possibility of getting out of it?” In this episode, Tom Hine speaks with Teresa Benning, the owner of Benning Small Business Advisors in Salem, Massachusetts, who also went through Tom’s acquisition process. They discuss the importance of having a clear plan, her surprise at how comfortable she was with the process after her initial anxiety, and the importance of knowing what you want to get out of your business and when you want to leave. Benning Small Business Advisors: https://benningsmallbusinessadvisors.com/ Connect with Tom: https://www.linkedin.com/in/hinetom/ Feedback: https://www.capitalwm.com/successionfit-podcast Securities and advisory services offered through Commonwealth Financial Network, Member FINRA/SIPC, a Registered Investment Adviser. Fixed insurance products and services offered through Capital Wealth Management, LLC or CES Insurance Agency.
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    31 mins

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