PLANADVISER Weekend Newsdash
Week ending December 7th, 2018

Happy Friday, readers! This weekend’s mailing focuses on the timely topic of succession planning. While the issue has received more attention in recent years, retirement industry research shows advisers have yet to fully embrace more formal succession plans. As such, their practices and their clients are exposed to unnecessary risk. Collected below are some strategies and suggestions for how to approach succession planning. We hope you share some of what you learn with a client or colleague.

Succession Planning Essentials
Succession Planning Essential for Long-Term Advisory Growth
Data shows many small business owners continue to work later in life, making them ripe targets for retirement advice and deep support with succession planning and wealth transitions.  Read more >
A Mere 27% of Advisers Have a Formal Succession Plan
When it comes to valuing and transitioning their business, 61% of advisers have a goal for the value, and 48% used a recurring revenue multiple to calculate that goal. Read more >
An Alternative to Traditional Succession Planning
A lack of succession process readiness, along with valuation issues, makes selling an independent advisory practice unfavorable for many advisers, says a new CLS Investments analysis. Read more >
Home Offices Must Get More Active In Staff Succession Plans
Troubling, many of the companies that say they have formal succession planning programs in place in truth dedicate very few hard-dollar resources, if any, to help. Read more >
ESOPs Present Business Transition Planning Opportunity
Some ownership transitions are designed to wring every last dollar possible out of the business, but this is simply not what ESOPs are about. Read more >
MOST POPULAR STORIES
Retirement Plan Cybersecurity the Issue in a New Lawsuit

A retirement plan participant who had $99,000 stolen from her account has sued the plan sponsor and plan providers.

How Retirement Plan Advisers Justify Their Fees

One adviser charges a flat fee up to certain asset levels, and then additional basis points as plans grow, while another emphasizes the detailed, time-intensive fiduciary work he does for clients when asking for a fee increase.

In-Plan Guaranteed Income Will Always Be a Challenge

There is clearly a growing interest among retirement plan industry stakeholders in providing guaranteed income annuity options within defined contribution plans, yet consensus remains elusive.

IRS Plan Includes Guidance on Student Loan Payments and Retirement Plans

The IRS says the published guidance process can be successful only if it has the benefit of the insight and experience of taxpayers and practitioners. It invites the public to provide comments and suggestions.

Broadridge Acquisition of Fi360 Underlines RIA Fiduciary Evolution

Leading up to its own acquisition by the larger Broadridge organization, Fi360 had been actively acquiring other fiduciary solutions firms, aiming to build a comprehensive suite of RIA services.

Editorial: Alison Cooke Mintzer alison.mintzer@strategic-i.com

Advertising: advertise@strategic-i.com

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