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Consultants to financial advisors have been sounding the alarm for years: without a clear succession plan in place, both clients and advisors face significant risks if the advisor were suddenly unable to continue working. According to the article in the BBJ, “advisors, should they be forced to suddenly step down, risk sending their clients and employees into a panic — and watching their hard-won book of business, built over decades, quickly lose its value.”
And yet, fewer than a third of advisors within 5 years of retirement have a plan in place!
Many advisors are so passionate about their work that they believe they’ll literally “die in their boots.” While that may sound admirable, not having a formal succession plan in place will leave not only clients but also family members...
Take control of your retirement at TAG 2.0! TAG 2.0 was created to solve the industry-wide problem of senior financial advisors aging out of the workforce with no one in the pipeline to take over their business. Few advisors know how to monetize the value of their books and fewer still have a succession plan in place.
TAG 2.0’s “TAG TEAM Model” is a new take on financial advisory services that combines the best of all worlds: the fresh thinking, creativity and enthusiasm of a start-up division, infused with the experience and know-how of seasoned advisors, backed by the security and stability of a 30-year-old institution.
Trevi Communications, Inc.
O: 978.750.0333 / M: 617.835.0396
Boston, MA, September 5, 2019 – Registered Investment Advisor, Trust Advisory Group, Ltd. announces the launch of TAG 2.0, an innovative model developed to improve the business of financial advising. TAG 2.0 addresses today’s industry-wide problem of financial advisors aging out of the workforce with no one in the pipeline to replace them. The TAG 2.0 process is designed to seamlessly transition seasoned financial advisors, their clients and assets to the next generation of advisors to ensure business continuity and peace-of-mind for everyone involved.
How It Works
Using the proprietary “TAG TEAM” model, TAG 2.0 enables transitioning financial advisors to select their own successor from a younger advisor pool of TAG-trained...