Succession planning

Contrary to received wisdom, a lifestyle practice can offer considerable advantages over an enterprise model, according to a new SEI study.

Firms need to deliver value differently in a changing industry, a Fidelity study found.

Only 17% of advisers have a binding and actionable plan in place.

There must be a fully realized transition strategy, says Tim Chase, co-founder of WMS Partners.

Do's and don'ts for transitioning the practice as a long-term process, not a one-time event.

Three experts on building a valuable business that is attractive for sale

Adviser Greg De Jong talks about his successful merger with another firm.

Whether the plan is to groom from within or look outside, keep these tips in mind.

Comprehensive valuation gives a picture of the present and helps build strategies for the future.

Preventing attrition is worth the extra effort to keep the practice healthy for succession.

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.