The Challenge
A divorce case between husband and wife has the advisors book of business come into the conversation as an asset
The Vetting Process
We had to focus on making sure we found someone from the state where the case was on-going.
The advisors legal team did not even consider this to be an asset in the divorce proceedings but our experts had experience in evaluating Registered Independent Advisory books of business that were typically purchased by competing firms or a junior advisor.
The legal team that brought us on acknowledged the advisors book would be a significant asset to bring to the table and was worth exploring.
$500k
At stake
Funds that the wife was asking for the book of business
2
Candidate’s
We brought to the table for the law firm to review
75
Books Of Business
Reviewed by our experts in evaluating the sale price
“State law made this a tough case but the experts facts and opinions were critical”
Sandy Schadler
Account Executive
The Process
The Account Executive was brought in to help manage the case deliverables with the expert witness with a suggested course of action.
Conclusion
The case has been settled with a 1 time payout to the wife for any current and future valuation of the book of business.
The firm that brought us on were thrilled with the way our experts were able to quickly analyze what a potential sale price would be against recent deals they did.
This was a tough case for the hiring attorneys as there was still some state law that would make their full monetary request difficult to achieve economically (continued court hearings, additional expert witness research, legal expenses, etc.)
They were happy with the result considering all the variables .
