RIA succession arrangements are supposed to involve planning, not punching matches -- but it doesn't always work out that way, says Fiduciary Network co-founder Mark Hurley.

He cites one case in which things turned ugly shortly after two founding advisors started to talk about selling their firm to their junior advisors. "Suddenly, out of nowhere, they all started screaming at each other," says Hurley, who had come to see if his firm could provide capital for the deal.

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