Featured Panel: When Advisors Collide

January 28, 2020. By Ashley Agnew:

A business transition is an emotional time for a business owner and tensions can run high while they navigate the many layers and demands of the process. With multiple advisors necessary to ensure a successful deal, all coming from different areas of expertise, it is inevitable that there will be times of friction or disagreement.  Private company transitions in particular require a broad view of the entire life cycle of the organization. XPX is a multi-disciplinary community of professional advisors who work collaboratively to help owners build valuable businesses and assist them in preparing and executing a successful transition. The New England chapter recently held a virtual event called “When Advisors Collide” discussing how advisors can prepare for and get past the obstacles of professional conflict.

This panel discussion featured Managing Principal and CEO of Centerpoint Advisors, Jennifer Wolfsberg, alongside Ed Pendergast of Dunn Rush & Co. The event was moderated by Kate Henry of Nutter’s corporate transactions team. The broad experience of each participate provided a wide array of insight for advisors and business owners alike, and the full video can be seen here:

Click Here for Video Link: “When Advisors Collide”

Following the event attendees and participants shared that this is such an important topic to bring to light when going through any transaction. Unfortunately, the possibility of unpleasant scenarios can be easily swept under the rug in effort to keep momentum.  Maintaining open communication surrounding goals can help ease into such conversations and keep the team moving toward client-centered results.