How to Develop an Effective Transition Plan for Your Practice

Download the ebook

Death and retirement are the two most common triggers for succession in an advisor’s practice. And yet most advisors want to avoid those outcomes and continue working in their business. Successfully dealing with all of the contingencies that life and business throw at us requires that we act proactively rather than reacting to challenges as they arise—and that means having a plan. 

And rather than just planning for death and retirement, you need to plan for any type of major transition in your practice, including:

  • Acquiring a book of business
  • Partnering with another advisor
  • Hiring another advisor
  • Selling some or all of your book of business

Download this ebook to:

  • Create an effective transition plan for your practice
  • Learn how to optimize your practice in preparation for transition
  • Complete a series of simple exercises that will guide you towards creating your transition plan
  • Access a checklist for managing the transition

About the author

Ray Adamson

Ray Adamson

Chief Customer Officer, Kronos Technologies

For over twenty years Ray Adamson has held senior leadership roles in the financial services industry. At companies like Kronos Technologies, Bluesun, Great West Life and the Covenant Group he has worked to implement national practice management strategies, increase client acquisition and retention, and build out sales capabilities. As an advisor, consultant, practice management coach and speaker, he has helped management and advisors at the largest carriers and distributors in North America take their business to the next level. Ray has presented to many of the top North American financial services companies and associations, including MDRT & LIMRA.

As Chief Customer Officer at Kronos Technologies, Ray works with carriers, distributors and advisors—helping them leverage Kronos Technologies’ suite of industry specific web applications to manage and grow their businesses.


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