Managers come in all shapes and sizes and have a variety of histories. Regardless, institutions are looking to work with stable, well-structured organizations. Depending on firm structure and history, here are the types of team hurdles managers should be prepared to address:
- Key man/woman, or married couples’ business ownership and/or portfolio management
-Family business ownership
-Partnership/Ownership structure
-Private equity ownership
-Organizational sustainability/Burn rate
-Competing interests/Other businesses (i.e. wealth management)
-Seed capital controls
-Lack of pedigree
-Insufficient team
-Unaligned incentives/Lack of an incentive structure
-Turnover
-Regulatory history (firm or individuals)Legal history (firm or individuals)
-Firm three to five-year game plan
