Close Close
Sign In
Newsletters
Popular Financial Topics Discover relevant content from across the suite of ALM legal publications From the Industry More content from ThinkAdvisor and select sponsors Investment Advisor Issue Gallery Read digital editions of Investment Advisor Magazine Tax Facts Get clear, current, and reliable answers to pressing tax questions
Luminaries Awards
Podcast Center Video Center Webcasts Resource Center Events
About ThinkAdvisor Contact Us Advertise With Us Asset & Logo Licensing Sitemap Terms of Service Privacy Policy Copyright © 2024 ALM Global, LLC. All Rights Reserved.
ThinkAdvisor

Practice Management > Building Your Business > Leadership

Transition Questions

By Rudy Adolf

X
Your article was successfully shared with the contacts you provided.

nce your RIA is an established enterprise, a new set of questions needs to be addressed, including:

? What is your timeframe for retirement and how would you like to transition out of the business? Would you like to adjust your hours over time so you can maintain key client relationships that you particularly enjoy? Would you like to continue helping with the management of the firm?

? Are existing employees ready to assume key leadership roles or do they need more coaching and development? Do they understand the path to partnership?

? Are clients comfortable discussing their financial needs with others at the firm? How will you communicate changes to them over time?

? How will you extract value from the firm that you have established over time without burdening the next generation of leadership?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.