How to Build Your Succession Plan, Part 1

Posted by Maria Considine King

May 20, 2014 at 10:00 AM

As an advisor, you may find the prospect of building a succession plan and transitioning your business to someone else difficult—maybe even a bit daunting.

Consider how you guide and manage clients' retirement plans according to their specific circumstances and dreams. Many clients probably find the thought of saving enough for retirement an insurmountable task. You help them see the big picture and move toward their goals, step by step.

Read More

Topics: Practice Management, Succession

Top 5 Advisor Continuity and Succession Planning Questions

Posted by Maria Considine King

May 14, 2014 at 1:30 PM

Advisor continuity and succession planning are vital to business stability. According to the 2012 IN Adviser Solutions Succession Planning Study, however, only half of all advisors have an adequate succession plan in place.

That's a pretty staggering statistic considering that advisors build their careers helping clients prepare for the future.

Read More

Topics: Practice Management, Succession

Retirement and Succession Planning for Advisors: Don't Skip These 10 Steps

Posted by Maria Considine King

May 13, 2014 at 10:00 AM

Succession planning for advisors requires two types of preparation: personal and logistical.

Preparing yourself emotionally for letting go of your business can be difficult, perhaps the most difficult part of the entire process. Many advisors anxiously wonder, "What will happen to the business once I leave?" It's natural to have concerns and apprehensions, but they shouldn't stop you from beginning your retirement and succession planning.

Read More

Topics: Practice Management, Succession

New Call-to-action
The Independent Market Observer, Brad McMillan

Follow Us