Jim Ruta, president, AdvisorCraft Media and Consulting, asserts that you can boost your business, increase community and clients, and build a succession strategy all at the same time. He explains that new team members should be brought in to improve service and that succession strategy can build from within naturally.
Richardson Wealth launched a flexible program earlier this year to fund internal succession plans
Every job posting must answer three main questions
Firms should focus on retention as well as recruitment
Realizing the person you want to take over your practice isn't qualified can be a dramatic moment. How should you handle it?
Firms must communicate with advisors and provide training when implementing new systems
Advisors want fair compensation plus the ability to avoid conflicts of interest when meeting clients' needs
The acquisition also marks the launch of Canaccord’s Ottawa office