 The financial advisory industry needs younger investors to have that commitment to continuity and the passion to accept those risks if it is to hold on to its independent spirit."Philip Palaveev, CEO, The Ensemble Practice. |
Can Internal Succession Succeed?
Philip Palaveev | Financial Advisor Magazine, January 2015
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Summary: If we want to have a good financial advice industry, we need to own it. One way to do that, among others, is to sell our firms internally to our subordinates. Internal succession—passing the baton to people actively engaged in the business—is one of the best ways to keep a firm’s culture alive and keep promises to clients and employees
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