{"id":38961,"date":"2015-02-12t15:44:41","date_gmt":"2015-02-12t20:44:41","guid":{"rendered":"https:\/\/48e130086c.nxcli.net\/?p=38961"},"modified":"2024-08-14t09:36:39","modified_gmt":"2024-08-14t13:36:39","slug":"retiring-partners-take-specialty","status":"publish","type":"post","link":"\/\/www.g005e.com\/2015\/02\/12\/retiring-partners-take-specialty\/","title":{"rendered":"when retiring partners take a specialty with them"},"content":{"rendered":"

\"businessman<\/a>non-traditional services must be ‘institutionalized’ to be valuable.<\/strong><\/p>\n

by marc rosenberg<\/i>
\nretirements & buyouts<\/i><\/a><\/p>\n

the only reason firms pay goodwill-based retirement benefits is to retain the clients managed by the retiring partner.<\/p>\n

more on partner buyouts: <\/b>if clients leave, do you reduce retirement benefits? <\/a>| why you\u2019ll get less from your partners in a buyout than you might by selling the whole firm <\/a>| eat what you kill? then maybe \u2018book of business\u2019 is for you<\/a> | the multiple of compensation method, fully explained<\/a> | 5 points to consider when paying out goodwill<\/a> | clients leaving? time to reduce retirement benefits<\/a> | partners may balk at guaranteeing retirement obligations<\/a><\/p>\n

if a firm were 100 percent certain that all of a retiring partner\u2019s clients would leave the day after the partner settled in at the retirement community, i doubt the remaining partners would be terribly motivated to sign any retirement checks. read more →<\/a><\/p>\n