Succession planning

The same standards apply as would to an outsider – being qualified and having the trust of clients.

Here are tips for weighing the pros and cons of each option.

They started early and hired successor candidates based on their values, not just their skills.

Some firms try a joint venture with shared clients while running the original businesses separately.

Beginning the transition in advance increases employee retention and engagement.

One adviser calls it a "fairly destructive strategy."

Advisers tend to be too optimistic about what selling the practice will mean for their golden years.

Not planning is the biggest risk that advisers can take.

Firms can add clients and improve eventual purchase prices by planning for the future.

The platform provider will now offer to buy a percentage of an advisory firm's revenue.

Unexpected health emergencies make succession planning much more than a retirement issue.

The next generation "is the economy," a top TD Ameritrade exec says at the annual IMCA conference.

Less than two weeks after KKR and Stone Point Capital announced they were buying a majority stake in the RIA aggregator, a new Silicon Valley firm joins as a partner.

Some make a complete break from their firms, while others opt to maintain a part-time presence.

Succession planning is easy to talk about. It’s much harder for planners to actually plan for.

Sometimes, the best way to keep control is to relinquish it.

The wirehouse's executives think they've struck on the right formula to boost growth through a simplified comp plan, greater autonomy and an attractive retirement package.

Following these steps will help advisers prepare their firms for the future without them.

Adviser Barbara Shapiro explains the personal journey of taking the reins after losing her longtime partner.

The former Aspiriant CEO joins DeVoe & Co. to launch a new transition service.