Minority Stakes in Advisory Practices: Opportunity or Trap?

Advisor Talk with Frank LaRosa · Feb 19, 2026 · 27m

In this episode of Advisor Talk, Frank LaRosa and Stacey Frank break down the realities behind minority equity deals in advisory practices - including what advisors often misunderstand about control, exit clauses, valuation multiples, and long-term implications.

Frank explains why even a 10–20% minority stake effectively creates a partner in your business - whether you think of it that way or not - and why advisors must think beyond the upfront check and consider the unwind scenario before signing anything.

They also explain the difference between taking a transition loan versus selling…