You Don’t Sell Your Firm — You Transfer Trust

Early in my career, fresh out of college and trying to look like I belonged in the room, I sat in a meeting with a senior executive addressing all the new hires. He covered strategy, performance, and expectations. But what stuck with me wasn’t about revenue or market share. He said, “No matter what you do here, remember this: we are all in sales.”

At first, that felt transactional and frankly a bit hokey. But he quickly clarified. We sell ourselves, our judgment, and our word. And in doing so, we carry the firm’s reputation with us. He had helped build the firm and wanted to make sure it (and his) reputation stayed intact.

That lesson has stayed with me for longer than I want to admit. To me, it wasn’t really about “sales,” it was about responsibility. In other words, when you offer advice, recommend a product or strategy, or even guide a family through a transition, you are asking them to trust you. And that trust compounds over time, but so does the responsibility.

It’s Not Just a Math Problem

Today, we are living in an environment of steady consolidation. Multiples are largely rational, and most transactions land in roughly the same ballpark. There are more consolidators in the market, more capital available, and more headlines about deals being announced. So it’s easy to make this a math problem.

But I don’t think it is. Because if pricing is relatively consistent, then price alone isn’t the differentiator. Culture is.

At Diversified, we don’t acquire to acquire. Growth for growth’s sake has never been the objective. We are pro-alignment. The question isn’t simply, “Does the math work?” The question is, “Does it fit?”

• Does it fit the culture?
• Is it a fit for the staff too?
• Will the clients genuinely benefit?
• Will the advisor be proud of the decision five years from now?

It is okay to walk away from a transaction that doesn’t align culturally. In fact, sometimes that’s the strongest signal of conviction.

Alignment Over Appetite

In December 2025, we welcomed our Pittsburgh partners to Diversified. This month, Ann Arbor joined us. In both cases, these weren’t cold introductions or auction processes. These were relationships that stretched back decades for me.

Long before I was part of Diversified, I knew the character of the leaders involved. I had seen their commitment to clients and staff. I had watched how they handled tough conversations and growth decisions. There was a shared philosophy around planning first, relationships always, and people over ego.

When those partnerships came together, it felt less like transactions and more like reunions. I was surrounded by friends and professionals I respect deeply. That’s alignment! And it brings me back to that early lesson about sales.

The Gas Station Test

If you are considering your next chapter, remember that your final “sale” to your clients may be your transition itself. You will look them in the eye and tell them that this decision, this merger, this partnership, this sale is in their best interest too.

And then one day, you’ll see them at the gas station or the grocery store. Was it as good for them as it was for you?

I don’t say this critically. Consolidation is not inherently good or bad. Many partnerships create tremendous opportunities, deeper benches, better systems, and expanded capabilities. Scale can absolutely serve clients well. But alignment matters too.

What Endures

You don’t sell your firm — you transfer trust.

Trust that has been earned over years of conversations, planning meetings, market volatility, and most importantly, life events. Trust that lives in your name and your reputation long after the transaction closes.

From my vantage point as a long-time industry observer and Head of Advisor Growth, I believe the most successful transitions will be those that prioritize culture before economics. The deals that endure will be the ones where staff feel supported, clients feel heard, and founders feel proud, not defensive, when they reflect on the decision.

We all build businesses with numbers attached to them. That’s reality. But we also build cultures, teams, and relationships that don’t show up on a balance sheet.

If you’ve built something worth being proud of, take the time to ensure the next chapter honors it. Because long after the multiple is forgotten, the trust remains. And we still have to look people in the eye., sometimes it’s just clarity. And clarity, in my experience, beats resolutions every time.