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Summary: In this series, we discuss the BEI's Seven Step Exit Planning Process. We started with a comparison of Exit Planning and succession planning and followed that with establishing the foundation for an owner’s plan: the owner’s goals.
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Summary: The best succession plans are the ones put into place long before they are needed. Rarely, however, does this actually happen.
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Summary: Attracting women to the financial advisory profession remains a huge challenge, but those who’ve found their calling here are determined to tackle it. They’re leading initiatives that are part of broader efforts to attract, train and retain advisors who bear a strong resemblance to clients.
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Summary: Whether founders are turning firms over to internal successors or making plans to be bought out down the road, transitions will be more successful if certain elements are crafted into the agreements.
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Summary: Thomas “Tif” Joyce, a solo advisor and owner of Sonoma County Wealth Advisors, started thinking about retirement in 2010. He wanted to extract the financial value of the practice, of course, but among all the options to do that, there was one non-negotiable: Nothing could interrupt the lives of his clients or his clients’ children.
