Risr Launches Tools for Advisers’ Succession Planning

Engagement platform Risr Inc. launched a “Succession & Exit Planning” tool designed to help with adviser transitions of business ownership. Customers can create plans based on their exit goals, ideal timeline, readiness and preferred paths, according to a statement from Risr.

Risr’s platform can produce valuation reports with profit-and-loss and balance sheet analysis; liquidity and amortization projections for post-exit financial plans; risk management reports; and business wealth reports. Customers can also align their business liquidity potential with existing wealth management models.

“At a time when more advisers are stepping up to serve business owners in deeper, more meaningful ways, they need technology that doesn’t just inform, but lays out a path forward,” said Jason Early, Risr’s founder and CEO. “Our platform gives advisers personalized, turnkey deliverables and insights that help them be the planning leader that business owners need—before, during and after an exit.”

All existing Risr users will receive the platform upgrade automatically.

In June, analysis by the market intelligence firm Cerulli Associates projected that 37% of all financial advisers will retire between 2024 and 2033.