Advisor Group Launches Succession Plan Platform

The new program supports succession-planning-focused mergers and acquisitions across the various firms that make up Advisor Group; the solution also allows members to consider firms outside the group.

Advisor Group Inc., the network of independent financial advisory firms composed of FSC Securities Corp., Royal Alliance Associates Inc., SagePoint Financial Inc. and Woodbury Financial Services Inc., has launch My Succession Plan, a program that supports succession-planning-based mergers and acquisitions.

The platform for Advisor Group members also provides “a sophisticated business valuation model coupled with expert consultants to assist independent advisers with this critical aspect of their business planning,” according to Advisor Group.

As the firms in Advisor Group spell out, the program will enable affiliated financial professionals to identify succession-planning-based acquisition opportunities. Targets can include both other members and non-Advisor Group-affiliated firms who are looking to create or execute a succession strategy. Through a partnership with Truelytics, provider of business intelligence metrics, members of My Succession Plan will be able to “complete a sophisticated, online valuation model and obtain a fair market estimate of the value of their business.”

Beyond these capabilities, the solution provides “advanced digital sorting and filtering capabilities,” Advisor Group says. Further, “members are not charged a closing fee for successful transactions made through My Succession Plan.”

Todd Fulks, Advisor Group senior vice president of succession and acquisition, notes that buyers and sellers of independent practices continue to say “finding the right partner” is among the most difficult aspects of crafting a succession deal. Through the new offering, Advisor Group “aims to address this challenge by leveraging our expertise in succession planning and creating a platform that meets an increasingly important need in our industry,” he says.

Information about how to access and utilize the platform is available at