Often current leaders are the pioneers, having established and built the firm, and future leaders are increasingly tasked with taking the reins and driving continued growth against a changing client and investing landscape...founding and next generation leaders must come together to tackle the important areas that will fuel their future growth.”
Bernie Clark, executive vice president and head of Schwab Advisor Services. |
Half Of RIAs Have Already Identified Successor, Schwab Study Says
Ryan W. Neal | wealthmanagement.com, November 2014
Read the article online >Summary: About half of RIAs have a succession plan in place that outlines who will take over the firm. Moreover, of those firms who have procedures in place, 37 reported said their successors are “extremely prepared” to take the reins and lead the company into the future, according to latest Independent Advisor Outlook Study, released Wednesday by Charles Schwab at its annual IMPACT conference in Denver.