Succession Planning

Updated Monday, May 20, 2013 as of 1:37 PM ET

Practice - Succession Planning

In Succession Planning Deals, Go Beyond Price Tag

CHICAGO - There's a big difference between succession-planning practice sales and other kinds of deal activity, advisors learned during a succession-planning panel Wednesday.

When a firm owner is considering selling or merging his firm to reach succession-planning goals, �the price isn�t what matters,� advisor Bob Bilkie, told advisors at Envestnet�s second annual Advisor Summit. more »

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Succession Planning, Regulation, Technology Top Raymond James Agenda

Succession planning, regulatory and technological issues will be the main focus for Raymond James Financial Services over the next year, according to Scott Curtis, the firm's president. more »

Beacon Pointe Bulks Up Again, Adding 4th Partner

Beacon Pointe is actively looking for more advisory firms with a CPA tie-in as it plots an expansion strategy of reaching 35 to 40 offices around the country in the next 10 years, Cooper says. more »

Recruiting & Hiring Gen Y Advisors

Younger planners have their own priorities. If you're investing in their professional development, consider these ideas to ensure they will stick around. more »

Passing the Baton to Next-Gen Advisors

When it comes to handing off your firm, make sure you communicate clearly with your next-gen advisors. more »

Harold Evensky's Succession Planning Solution

See how one high-profile financial advisor is planning for his firm's future. more »

Most Advisors Not Planning for Future of Their Practices

More than two-thirds of advisors (68%) have no formal succession plan for their businesses and among those who do, the plans are sketchy. more »

Boston RIA Taps New Younger Leaders

Call it a generation-skipping succession plan. When 62-year old industry veteran John LaPann decided it was time to hand over the reins of Federal Street Advisors, observers may have expected his successor would emerge from the ranks of firm veterans now in their 50s, but instead the firm chose some younger leaders. more »

Why Aren't More Advisors Succession Planning?

Each firm’s succession plan and transition will be unique, but whether it’s an internal transition, merging and staying involved or selling and moving on, not enough advisors are planning for it. more »

Succession Planning for Business Owners

Almost nine out of 10 business owners don’t have a succession strategy, according to Jerry Ripperger, Director, Consulting, Principal Financial Group. Here’s what advisors need to know to help change that. more »

American Millionaires Expect Heirs to Make Their Own Way in Life

More than eight in 10 American millionaires believe that each generation should be responsible for creating its own wealth, up from 65% who said the same thing in 2007 when the survey was last conducted. more »

Succession Plan Strategy: Inside Angle

For RIAs who want to ensure clients that their firm will endure to serve their children and grandchildren, a robust internal succession plan is critical. One way to do that is to eliminate outside ownership conflicts, argues the founder and CEO of one leading RIA firm. more »

Cetera Offers Succession Planning to Advisors, Firms

In the most recent move by a large firm to help planners solve pressing succession issues, Cetera Advisor Networks is now offering its regional directors, s well as other small- to mid-sized broker dealers, the opportunity to sell their businesses to Cetera. more »

4 Keys to Internal Succession Plan

When Atlanta-based Ronald Blue & Co., one of the country's largest RIAs, was building its internal succession plan, the company’s CEO hit upon a necessary precondition. “You have to have a mission that’s compelling enough to make sure that your clients are taken care of after you are gone,” says Russ Crosson, the company’s president and CEO. “The firm is bigger than any one individual.” more »

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