Choosing A Successor: 5 Lessons For Financial Advisors That We Learned In Our Own Succession Planning Process

Starting a new business and building an enterprise takes time, especially in the wealth management sector. Too many entrepreneurs focus entirely on building their books and realize far too late that they also need to think about a succession plan. Yet succession plans enable wealth managers to future proof and protect their businesses. This article features five important lessons learned by the founder of a firm that has counseled financial advisors and firm owners on how to navigate the succession planning journey.