A succession-planning venture from Cambridge Investment Research, which has been in the works for a few years, now has a name: Continuity Partners Group.

As part of the new venture, 23 advisory firms in the Fairfield, Iowa broker-dealer’s network will be able to take out loans from Continuity in order to buy out other firms. It also gives junior advisors funding to buy out practices from senior advisors. Cambridge will provide funds by selling stakes in Continuity, in exchange for 20% of an advisory firm’s annual earnings. Details of the new venture were first reported by Investment News, but Eric Schwartz, chief executive officer of Cambridge, spoke to Financial Planning about the endeavor in the January issue of FP. 

Register or login for access to this item and much more

All Financial Planning content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access