Succession planning

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.