There is no better time to initiate your business succession plan than right now. Most advisors are focused on gathering assets and growing their practices - it is easy for them to overlook the need to address what could happen to their practices if something were to happen to them. Since no one can predict the future, it is best to plan and prepare in the present.
Retiring is a big step. When planning for your retirement, you should not only consider your own interests, but equally important, taking care of your clients’ best interests. If you operate as a one person office, it may be a challenge locating an advisor to acquire your practice. We will provide assistance in locating potential buyers in your geographic marketplace. If you already have an advisor in mind to take over your practice, an agreement should be drawn up, outlining the terms and conditions of your deal. We can provide sample agreements, though it is recommended that you obtain the services of local counsel to guide you through the process of developing a final agreement.
All listings are private! Only qualified individuals that meet the specifications of the listed practices will be connected with a selling practice!
A proper exit strategy takes time to prepare and execute. Contact us now to see how we can help you get the most for your practice. |
