shortage of professionals resulting in unwillingness to take on new business.<\/li>\n<\/ul>\nan increasing portion of the growth has been due to mergers and acquisitions, especially among medium-sized firms, those with $10-20 million in net fees. the increase in growth attributable to m&a portion was least among large firms, rising from 31 percent in 2015 to 35 percent in 2017. among the medium-sized, the m&a portion more than tripled, from 10 percent in 2015 to 32 percent in 2017. among all firms, it rose from 28 percent to 39 percent.<\/p>\n
michelle golden, at fore llc, quoted in the survey, says that m&a growth might actually be holding back true, organic growth.<\/p>\n
\u201cfirms continue to grapple with m&a effects long after the deal,\u201d golden says. \u201cwhile firms are making better choices about cultural fit, they still underestimate how the first few post-merger years impact profit, growth, and people. since consolidation isn\u2019t slowing, merger integration merits more attention. with process and systems integration, more meetings and training, reassuring the team and clients, and dealing with predictable turnover\u2014all on top of client work\u2014there\u2019s little energy for growth.\u201d<\/p>\n
the awkwardness of merging cultures is compounded by the reluctant exodus of top management. they\u2019re often old enough to retire but unwilling to release the reins of management to the next generation. those millennial whipper-snappers are ready to move not just up but forward.<\/p>\n
\u201cthis next generation of leaders is eager to embrace technology, pricing, service changes and more that will continue to evolve the profession and increase value to clients and the market,\u201d says tamera loerzel, of convergence coaching. \u201cthe challenge is blending the experience and wisdom of current leaders with the future goals and aspirations of the up-and-comers to create a unified plan that the up-and-comers can sink their teeth into and execute.\u201d<\/p>\n
mergers are moving ahead at a maniacal clip, though there are signs of sanity emerging. if firms ever juggle their many challenges into a stable and productive position, they will have the time and energy needed to prepare to sell or gear up to buy.<\/p>\n
more m&a may lead to temporary growth in firm size, but it will suppress organic growth until the intricacies of mergers settle out.<\/p>\n
and if fee growth is suffering, it’s not hard to see that client service levels may also become sacrificed on the alter of mergers and acquisitions.<\/p>\n","protected":false},"excerpt":{"rendered":"
\nas firms pursue m&a at any cost, who’s taking care of the clients?<\/b> \nby rick telberg<\/em> \nrosenberg survey<\/em><\/a><\/p>\n","protected":false},"author":17,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_relevanssi_hide_post":"","_relevanssi_hide_content":"","_relevanssi_pin_for_all":"","_relevanssi_pin_keywords":"","_relevanssi_unpin_keywords":"","_relevanssi_related_keywords":"","_relevanssi_related_include_ids":"","_relevanssi_related_exclude_ids":"","_relevanssi_related_no_append":"","_relevanssi_related_not_related":"","_relevanssi_related_posts":"","_relevanssi_noindex_reason":"","footnotes":""},"categories":[3120,3002,9,11],"tags":[3445,3447,2443],"class_list":["post-56410","post","type-post","status-publish","format-standard","hentry","category-pro-member-exclusive","category-special","category-strategy","category-research","tag-ai","tag-artificial-intelligence","tag-rosenberg-map-survey"],"acf":[],"yoast_head":"\nmergers vs. clients: winners and losers - 卡塔尔世界杯常规比赛时间<\/title>\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n\t \n\t \n\t \n