One of the most important decisions an advisor will face in their career is planning their transition to retirement. Through years of consulting with advisors on the topic of succession, we have learned that the process takes thoughtful planning and time. While there are many factors to consider when planning for retirement, they all involve fulfilling the needs of four interested parties:
This module presents the issues that must be considered to develop a successful succession plan for all involved. Participants will learn from experienced coaches who have helped numerous advisors through the process of both creating and implementing Succession Plans. The module will include best practices to embrace and pitfalls to avoid as participants begin to develop the succession plan that is right for their practice, their client base, and their team.
Participants will leave the workshop having:
Participants will engage in facilitated open discussion on the steps for implementing a plan, including:
Attendees will be provided a worksheet that is designed to help them focus on their individual priorities and those of their clients.
Participants will realize the economic value of their practice by executing our three-step process for systematically transferring client trust to their succeeding advisory team.
This module is suited for:
(Follow-up Coaching: Each participant will be eligible for a 45-minute personal consultation with one of the experienced coaches to answer their specific questions and help them begin to develop a succession plan.)