Four things to include in a good succession plan
Many advisors neglecting to create a succession plan for their own businesses
Planners can play an important role in helping family businesses develop a succession plan
Should you pass your financial advisory practice on to your children? That depends on your practice, and on your children. Experts — and advisors who have made the transition — offer tips on what has worked
Three tips for working with family members
The three most common transition planning scenarios outlined (IE:TV)
Grooming your successor ensures your clients will remain in capable hands
While a son or daughter may seem like the ideal candidate to take over your practice, think twice, says Thomas Deans, the Orangeville, Ont.-based author of Every Family’s Business: A blueprint for protecting family business wealth.“There’s an incredible amount of naïveté in believing your kids are the only people who will love the business as […]
RBC to host succession planning events
The firms that provide full-fledged, structured succession programs or solid support earn the praise of their advisors