A Graceful Exit Begins With A Well-Constructed Plan
Jeff Nash2024-11-14T00:07:32-05:00A Graceful Exit Begins With A Well-Constructed Plan by Jeff Nash, Founder & CEO, BridgeMark Strategies Published September 30 on Wealth Solutions Report Industry Veterans From Sowell, Cambridge And AmeriFlex Explain Timelines And Elements Of Succession Plans, And How Advisors Late To The Timeline Catch Up For business owners in any industry, a successful exit is an integral part of the business lifecycle, as it is the vehicle by which these entrepreneurs monetize their years of hard work and ensure their business – and its clients – are in good hands. In wealth management, demographic trends have put this strategic planning element in the spotlight. However, upwards of 25% of financial advisors – some studies put the number higher – do not have a succession plan in place. Our industry is looking at an overall decrease in total advisors. It’s forecasted that tens of thousands of advisors are retiring each [...]
