2021 Practice Progress Series: Succession Planning—and How to Retire as an Adviser
Financial advisers focused on serving retirement plans and individual retirement account (IRA) owners are used to talking about the financial transition their clients will eventually make, from earning a steady income to living off of accumulated assets and investments. For any number of reasons, there is much less attention paid to advisers’ own long-term financial futures, and, indeed, many advisers nearing the traditional retirement age have yet to seriously plan their next step. Many know their business is valuable, but extracting that value is another question, and so is the issue of what happens to clients.
This hourlong editorial webinar will bring together speakers who are experienced in this challenging topic. The panel will address the succession planning topic from start to finish—covering the process of valuing an established firm, finding a potential internal or external successor, and then exiting the business.