Defining your succession plan early can add significant value to your bottom line while bringing clarity about your professional and personal future plans.
There are many big decisions to make, which not only affect your firm’s value but also impact client relationships, staff job security, family lifestyle and ability to position a smooth transition. Preparing your business for a seamless sales process should begin years ahead with guidance, planning tools and consistent preparation.
What worries you the most about exiting your practice?
A variety of common answers are found, but industry data often shows the primary reason advisors don’t plan for succession is finding the right person who can be trusted, take the same level of care and servicing for clients while growing the practice for the future – causing a huge delay to move forward with a succession plan.
Our team approach combines using measurable steps to address succession challenges while taking a deeper dive into business efficiencies that impact your practice value and equity. Our goal is providing clients with guidance, support and structure to improve your succession planning progress at a steady pace through completion.
Are you looking for ideas on how to gradually exit over time?
We help advisors who need support with understanding options and how to begin to prepare for planning with a longer timeframe in mind. Everyone doesn’t want to finish at once, so exploring different methods is another approach to consider.
