https://kovrent.com/perspectives Writing for RIA founders on valuation, deal structure and succession. en-us https://kovrent.com/perspectives/what-is-my-ria-worth https://kovrent.com/perspectives/what-is-my-ria-worth Thu, 06 Aug 2026 12:00:00 GMT Your firm is valued on adjusted EBITDA, not AUM. What actually moves the multiple, and why one headline number can mean two very different outcomes. https://kovrent.com/perspectives/retiring-without-a-succession-plan https://kovrent.com/perspectives/retiring-without-a-succession-plan Tue, 14 Jul 2026 12:00:00 GMT There is no version where nothing happens. The firm gets sold, wound down, or handed to whoever is standing there, and none of those go well on short notice. https://kovrent.com/perspectives/the-succession-gap-is-a-math-problem https://kovrent.com/perspectives/the-succession-gap-is-a-math-problem Sat, 20 Jun 2026 12:00:00 GMT Founders in their sixties own most of the independent advice industry, and almost none of the equity has moved. The gap is arithmetic, and it compounds. https://kovrent.com/perspectives/how-to-sell-your-ria-firm https://kovrent.com/perspectives/how-to-sell-your-ria-firm Tue, 09 Jun 2026 12:00:00 GMT Six stages, roughly nine to eighteen months if you count the preparation. Here is what happens in each one, what you control, and where founders lose money. https://kovrent.com/perspectives/acquisition-emails-decoded https://kovrent.com/perspectives/acquisition-emails-decoded Tue, 12 May 2026 12:00:00 GMT Almost none of them read your ADV. How to tell a real buyer from a mail merge in ninety seconds, and the three questions that end it early. https://kovrent.com/perspectives/questions-your-attorney-should-ask https://kovrent.com/perspectives/questions-your-attorney-should-ask Tue, 21 Apr 2026 12:00:00 GMT Price is the term everyone reads. These are the ones that decide what your life looks like in year three, and what your rollover equity is actually worth. https://kovrent.com/perspectives/what-a-fair-deal-actually-looks-like https://kovrent.com/perspectives/what-a-fair-deal-actually-looks-like Thu, 16 Apr 2026 12:00:00 GMT Headline multiples make the press release. Structure decides whether the founder is happy in year three. Here's how to read a term sheet the way a buyer does. https://kovrent.com/perspectives/keeping-the-name-on-the-door https://kovrent.com/perspectives/keeping-the-name-on-the-door Wed, 25 Feb 2026 12:00:00 GMT Clients don't hire brands. They hire people who answer the phone. Why forced rebrands destroy the thing the buyer just paid for.