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Trust, But Verify
Trust, But Verify
Most advisors admit to being anxious about losing control and say that “as with anything new, there will be some apprehension…a certain level of anxiety.” However, advisors say they would not enter into a partnership without a very thorough due diligence process. They may even enjoy relinquishing control over certain aspects of their business, such as back-office operations. Although there may be some worry at first, “with time comes trust.”
If you were to consider partnering with an aggregator, who might you consult with in the decision-making process?
77%
55%
50%
32%
Partners/ Colleagues/ Peers
Investment Banker
Attorney
Accountant
14%
9%
4.5%
Key Clients
Friends
Family
How do you think you would feel about relinquishing control over aspects of your business?