Could the SEC Require You to Have a Succession Plan?

Last June, the Securities and Exchange Commission announced they were considering enacting a rule that all registered financial advisors would need to have a solid succession plan in place. The proposed rule would mandate succession planning for financial advisors, something…

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The Dangers of Avoiding Succession Planning

Sometimes it’s hard to think about your own retirement when you are helping so many of your clients plan for their own. It’s one of the dangerous traps that many independent financial advisors fall into during their later…

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5 Exit Strategies for Financial Advisors

When it comes to planning their retirement, many financial advisors choose to sell their business and turn their book of clients over to another advisor. Within this scenario, there are numerous exit strategies you can use in order to end…

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