 There’s little that can be done about a founder who expects the successor to be a replica of themselves, but staying transparent from the start of the process means differences can be recognized and respected.”Al Depman, practice-management coach
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Succession Planning Needs More Than a Handshake
Alex Padalka | Financial Advisor IQ, September 2016
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Summary: Because a founder’s attachment to their practice has an emotional component, it’s possible they will want stay past when they said they would retire, according to the Journal. That’s why it’s important to lay out in writing an actual timeline for their departure, Vanessa Oligino, director of business performance solutions at TD Ameritrade Institutional, tells the paper.
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