Consolidation can often result in increased efficiencies and other benefits.
However, it can also fundamentally alter the relationship that a business owner has with his or her traditional financial advisors. Your access to both people and resources may disappear as geographic presence or personnel, including advisors you have relied on, change. In this kind of environment, it may be time to reassess your financial relationships. Even if you're only a one-person operation, you need the same quality of professional advice and consistency of personal service that larger businesses seek. As your business evolves from the time you set up shop to the day you retire, you may find that where once your financial advisor was essentially a source of capital, now you need advice on a wide range of business issues.