The Succession Challenge

Advisor succession has long been a challenge for our industry. But as the pace of retiring advisors continues to accelerate, the need to address the issue is intensifying.
 
The practices built by most firm founders represent the largest single component of their net worth. As such, how advisors go about maximizing the value of that asset and ultimately monetizing it is of crucial importance.
 
Options to consider are:
  • Internal succession
  • Merger with another firm
  • Outright sale to another party
Developing a succession plan can seem like a daunting task, which is one reason why many advisors choose to avoid it for as long as possible.
Once your appointment has been confirmed, we will send you our Guide to help kick-start the process and will lay the groundwork for a successful transition.

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