Succession

Succession planning is about creating a strategic and structured exit that allows your practice to transition in the best possible way for you, your clients, staff and family.

If retirement or taking incremental steps back is within your ten-year horizon, it's time to have a succession plan. Advisorbox offers solutions for succession planning needs.

Succession planning is simply preparing to transfer client relationships to a successor. The financial practice you've built and the client relationships you've managed have quantitative value that other advisors are prepared to pay a premium for. You can also utilize our services to recruit an advisor to your practice who would become your eventual replacement.

Succession planning is important because of what an unplanned death or disability can do to the value and stability of your practice. Planning now will allow you to maximize your enterprise value when you are ready to capitalize on your practice equity. Succession planning is a thoughtful and responsible undertaking that you, your family and clients will be thankful for once in place.

Advisorbox Solutions:

Goal-Centered Succession Strategy

  • Succession and Transition Preparation
  • Timeline Development and Execution
  • Find, Recruit and Train Your Successor
  • Practice Evaluation Consulting and Support