As financial practices and registered investment advisory firms evolve and mature, firm principals should protect themselves and their business by putting a well thought out succession plan in place. While many large financial services practices have documented a plan, including a mechanism to value their business, there are still many advisors that have not addressed the succession issue and protected themselves. Even if there’s not a desire to sell and exit the business, the continuity of the practice as a business is crucial to ensure the ongoing care for the clients in the event of the founder’s death, disability, or retirement.

A succession plan should build on top of an existing business and create a path to seamlessly and gradually transition ownership and leadership internally to the next generation of advisors. Establishing a succession plan can secure a firm’s legacy and provide a critical path for your clients and future leadership.  Based on his experience working with hundreds of financial professionals, Rob Moses has a keen understanding of the many factors that influence a succession plan, and will guide you through the time and effort necessary to implement the right plan for you, which may include:

  • Succession Planning
  • Operating Agreement
  • Buy/Sell Agreements
  • Financial Practice (“Book of Business”) Mergers and Acquisitions