Effective Succession Planning For Advisers

It’s imperative that advisers protect themselves and the clients they have worked so hard for through proper succession planning. Understandably, many advisers are not yet ready to sell their practice, but there are still numerous things advisers can do to protect their loved ones and their clients in the meantime.

One of those things is to enter into contingent buy-sell agreements whereby the adviser puts in place arrangements to sell the practice to another adviser in the event of the death, disability, or retirement of the adviser.

Read more here about additional considerations.


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