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Succession Planning

Plan for your future

Selling your business is a process you shouldn't have to worry about all on your own. Our team will guide you every step of the way to ensure that you're completely satisfied with your plan.

There are many questions to be answered when deciding to secure your business and maximize enterprise value. Your personal succession planning team member will go through these crucial questions in order to establish a path towards your post-retirement goals.

Valuing your business is a very important step to ensure that you have a successful plan. Our team will help you recognize which factors have an affect on your business's value. Some of the things that our team takes into consideration are:

  • Your business type (i.e. fee-based vs. commission vs. mixed business)
  • Location of your clients
  • Age of your clients
  • Investment objectives

Deciding who will be servicing your clients and ensuring their goals continue to be met is a vital step in your plan. As an advisor, you have developed relationships with clients over the years and your clients would expect that the level of service doesn't decrease with your departure from the business.

 Whether having one or multiple successors is best, it is ultimately up to you to decide who will be a perfect fit. Our succession team will recommend several fit advisors that you can then interview and vet for yourself in order to be sure that your clients will be taken care of by someone whom you approve of.

With your business valued properly, your successor(s) chosen, and the deal structured. All that is left is to execute the plan. Depending on the timeline of your succession plan will determine when the plan takes action. At this point in the process, all of your hard work will finally come to fruition and you can finally move on to whatever next step you want to take in life.