Summary: Despite many independent advisers’ desire to appoint an internal successor, many don’t have one lined up.A study released Thursday by Fidelity Investments found that 59% of advisory-firm executives prefer an internal succession but only 27% of firms have next-generation owners in place.
 Finding good succession candidates isn’t the only issue for advisory-firm owners looking to arrange for a business transition. Firms also need to get their operations into “transferable condition. The firms should have an operations manual, up-to-date customer relationship management system and staff who are cross-trained.”Al Depman, a practice-management coach. |
Your session has expired!
To continue, please log in again.
Your session is about to expire!
You will be logged off in seconds.
Do you want to continue your session?
