Succession planning

From handling the unexpected death of a partner to upgrading tech, planners give their best advice for building a successful practice.

Sure, major firms offer exit advice to their advisers, but there’s only so much they can do. Here’s how planners can take the next step on their own.

“Racial bias does exist. Anybody who says it doesn’t is kidding themselves,” says Tony Barrett, a complex manager for Raymond James.

Change happens when it has to. For bank advisors, this means they'll get succession plans--eventually.

Banks and credit unions are not prepared for the onslaught of change that began Wednesday.

The program allows retiring advisors and their junior brokers to work out their own financial arrangements during the first two years of the five-year program.

The advisor often feels as if the bank's viewpoint is this: “Thanks for bringing us a revenue stream, now leave and be thankful we even gave you a job.”

These state planning strategies may inspire, motivate and educate beneficiaries to become the people their benefactors hope they’ll be.

When a son or daughter joins a parent’s advisory practice, the transition can be tough, but it doesn’t have to be.

Family office advisor Rick Flynn rebranded his practice and teamed with two other veterans. Here’s what happened.