Succession planning

Robert Goff discusses how to maintain culture without generating conflict.

Identify seasoned advisers who can be trained to become the next generation of leaders.

Getting them right can be the key to a pain-free succession.

This can help show what is working well and what needs to be enhanced or revamped.

There could be a savvy person who could take over the practice among your wealthy clients.

Create an everlasting cultural legacy for employees to make a seamless transfer.

As university planning programs churn out the next generation, RIAs may want to drop by campus.

Wean them away from the notion that they have just one adviser at the firm.

Having gone through the lengthy and draining process, Exencial Wealth Advisors’ Michelle Scarver shares her No. 1 piece of advice for fellow planners.