As a professional financial advisor, you counsel your clients every day on the need for a comprehensive plan for their eventual retirement. The big question is “Are you doing the same for yourself?”
Research shows that only about 10% of advisors have a written succession plan. Another 40% or so have given it some thought, but have not committed anything to writing — that leaves half of advisors with no plan at all.
Consequently, most advisors significantly underestimate the work that has to go into preparing themselves — both emotionally and financially — for the day they will no longer be involved in their business the way they are today.
Succession is a process, not an event and the truth is that you will transition from your practice one day. The question is will you be in control of your exit — or will you let fate and circumstance determine what happens to the business you have spent your life building?
In this Best Practices Webinar you'll learn:
- Why advisors should plan their exit
- How to decide if you are ready to transition your business
- A step by step plan to prepare for succession
Succeeding at SuccessionWatch now
Download a PDF of the slides