When you’re preparing to retire, having a succession plan is crucial for a number of reasons. Here at advisorRETIRE™, we’ve already discussed many of the guidelines of setting up a succession plan, but knowing what not to do…
If you own a successful financial advisory practice, you may have thought about creating a succession plan to prepare for retirement. The advisory business is much more sophisticated than it was a few years ago, and while making a succession…
What does one do when they own a practice or business and they want to retire? What happens to all of the hard-earned relationships that are built? Who continues to run the company? All of these questions can be…
In our last blog post, we touched on a few of the different things that you should set aside time to consider before passing your business on when you retire. advisorRETIRE™ is the place where you can go and receive…
Succession planning is not something that is taken lightly. Not only is this the time for you to pass on the legacy that you’ve created, but it’s a time where you are getting ready to move into the…
Planning for your retirement is something that is often joked about lightly as if it will never actually happen, and then next thing you know you are finishing up your last day and you have a lifetime of work that…
Being a financial advisor is no small feat. The team at advisorRETIRE™ is well aware of the various things that go into becoming a successful advisor, and what’s interesting is how often these correlate with why financial advisors…
In the years that advisorRETIRE™ has been in the field, we have seen plenty of financial advisors express interest in a succession plan. Some have moved forward with our help and allowed for us to provide them with a…
Succession plans are a stressful thing to plan out because it is your hard work that you are passing off to someone else. At advisorRETIRE™, we work with you to create a succession plan before you ever have to pass…
Selling your business as a part of your succession planning process is an incredible emotional undertaking. For many independent financial advisors, their business is like another child that they’ve nurtured and cared for as it’s moved through growing…
One of the biggest hurdles that will need to be jumped over in a financial advisor’s succession plan is finding the ideal buyer. For most financial advisors, the right buyer isn’t likely going to just appear on your…
Many financial advisors assume that as they approach their retirement years, their business will naturally start to see a decrease in numbers. This isn’t actually “natural” but it could be the by-product of simply not wanting to put…
