When it comes to succession planning, it turns out that advisors face the same hurdles as their business-owning clients. What should be done way in advance and in a manner that anticipates changes in life circumstances or life events often gets thrown together either at the last minute as the need to sell an advisor’s business becomes a realilty much sooner than originally anticipated.
A recent survey showed that out of 400 respondents, only 7% of advisors had implemented a succession plan and only 15% had one in place. Why are advisors so reluctant to do planning that could de
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