Plan for the Future
Contingency and succession planning are critical to your advisory firm's success. Review the wealth of information.
All Articles
Grooming heirs is a continuous process
From InvestmentNews
Added on January 2014 in Plan for the Future
1 visitor like this article | Viewed 5401 times | 0 comment
Summary: Financial advisers who own a firm or have clients who are business owners appreciate the need for sound succession planning. Having a plan in place ensures stability well into the future, which means that clients are more likely to be around for multiple generations.The trick is that a good succession plan is like a battle plan: It's perfect only until it goes into action, and then it's likely to fall apart in five minutes.
Succession: the solution within
From InvestmentNews
Added on January 2014 in Plan for the Future
1 visitor like this article | Viewed 5487 times | 0 comment
Summary: When it comes to their own retirement, growing numbers of advisers seem to be looking within their firms for an exit strategy. Across the country, consulting firms that specialize in brokering, structuring and providing legal advice on deals involving registered investment advisers are seeing more and more firms broadening ownership or facilitating sales to junior partners, according to several consultants who specialize in the space.
Recruit for Growth: 16 Questions to Ask
From Financial Planning
Added on January 2014 in Plan for the Future
1 visitor like this article | Viewed 10023 times | 0 comment
Summary: There's one problem that every advisor faces sooner or later: capacity limits. Luckily, it's no secret how to fix this - just balance new client growth with additional advisors, right? Unfortunately, it's not as easy as it sounds. And the strategy you choose can substantially affect your growth and your firm's ultimate success.
3 succession planning scenarios advisers must consider
From InvestmentNews
Added on January 2014 in Plan for the Future
1 visitor like this article | Viewed 5342 times | 0 comment
Summary: Like financial planning, succession planning is a multistep process that requires extensive contemplation of all aspects of an adviser's life. Whether you're considering retirement, leaving the profession or building your business through a merger or acquisition, the decisions you make during your self-evaluation will serve as a barometer as you establish a plan.
How to Groom Your Successor
From Financial Planning
Added on January 2014 in Plan for the Future
1 visitor like this article | Viewed 5193 times | 0 comment
Summary: The next time you attend an industry conference, take a look around the room. Investment advisors tend to be an older lot, and studies have shown that with the baby boomer generation retirement bubble upon us, there’s a shortage of qualified financial advisors at precisely the same time that many of us will be transitioning into our own retirements. So have you considered how much more enjoyable your own post-work years might be if you’d only take the time to mentor the next … you? “
