Succession
Getting Ahead Of Your Succession Plan
Perhaps the most surprising thing about succession planning in the advisory business is that 75% of all firm owners claim they have an exit plan. That percentage seems high, so a bit of review may be in order.
Total Control Equals Bad Planning
For many entrepreneurs, allowing a key staff member to acquire ownership simply isn’t a consideration. As retirement looms, this is probably one of the worst decisions you could make.
All in the Family – Creating a Legacy
Perhaps the ultimate balancing act in business succession is transitioning an advisory practice to a family member.
How Deals Get Done
Transitioning the ownership of a privately and independently owned financial services practice has evolved significantly over the past ten years. What you’re reading in the magazines is mostly wrong.
Advisory Practices Have No Value?!
Industry pundits routinely offer opinions that your lifetime of work has no real value as a business. Can it possibly be true?
