Financial planners become successful through a fierce commitment to building their practices. But too few principals proactively plan for when -- and how -- they will one move on. In failing to do so, they run the risk of leaving their firms on someone else’s terms, said Scott Slater, managing director, business consulting for Schwab Advisor Services. “And that’s somewhat ironic,” he said, “because they are planners.”
To avoid being unprepared when the time comes, here's an interactive slideshow outlining some of the key steps in the succession planning process.