Succession Planning
Learn how top financial advisors and firms handle succession planning and what industry experts suggest is key to getting it right.
Building a Talent Hothouse
By Dan Inveen, Eliza De PardoWith just two associate advisors available to replace every three lead advisors; creeping compensation costs for advisory positions; and woefully low levels of succession planning, the demand for top talent is outstripping supply.
December 28, 2011
Sounding the AlarmLately an advisor can rarely open a trade publication without coming across at least one article focusing on succession planning.
December 28, 2011
What’s in a Plan?In our view, transitioning control and management of [advisory] firms from founding owners to a new generation will prove to be the single most challenging issue for advisory firms over the coming decade.
November 14, 2011
More RIAs Developing Succession Plans: TD Ameritrade SurveyMore advisors are developing a formal succession plan, with most saying they will name an internal successor, according to a survey released Monday by TD Ameritrade Institutional.
October 25, 2011
How Do You Transition More Clients Than You Have? By Doing It RightLarger advisory firms usually get that way by offering better services than smaller ones.
October 14, 2011
What’s Your Practice Worth? FP Transitions’ Latest FindingsMarketplace demand for advisory practices is rising, said David Grau Sr. and Jr., while prices for practices are slipping. The father and son principals of FP Transitions say the market is better than for other professional practices.
July 01, 2011
Finding Success in Succession PlanningTiburon Strategic Advisors finds half of advisors over the age of 50 intend to sell their businesses upon retirement.