On Demand
The Six Pitfalls of Succession Planning: How to Leverage Flow Theory to Prepare for a Successful Transition (1 CFP® CE Credit*)
The financial advisor industry currently stands at a precipice of change. Over the coming decade, 37 percent of financial advisors—representing 40 percent (or $10.4 trillion) of the industry’s assets—plan to retire. Yet nearly 40 percent of advisors say they have no succession plan—including a quarter of those over 60 and roughly a fifth of those planning to retire in the next six years.1
This so-called “silver tsunami” of advisor retirements creates a genuine risk to the trusted advisor-client relationship and, therefore, clients’ ongoing objectives. This webinar explores how firms can navigate from succession planning to succession, how flow theory can help protect the advisor-client relationship and business continuity, and the steps needed for successful implementation.
1. Cerulli Associates, June 2022.
*CFP Credits not applicable for viewing the recording
Speakers
Theresa Gralinski
Director at the Advisor Advancement Institute
New York Life Investments
Joe Buhrmann, MBA, CFP®, CLU®, ChFC®
Advisory Financial Planning Practice Management Consultant
eMoney
The financial advisor industry currently stands at a precipice of change. Over the coming decade, 37 percent of financial advisors—representing 40 percent (or $10.4 trillion) of the industry’s assets—plan to retire. Yet nearly 40 percent of advisors say they have no succession plan—including a quarter of those over 60 and roughly a fifth of those planning to retire in the next six years.1
This so-called “silver tsunami” of advisor retirements creates a genuine risk to the trusted advisor-client relationship and, therefore, clients’ ongoing objectives. This webinar explores how firms can navigate from succession planning to succession, how flow theory can help protect the advisor-client relationship and business continuity, and the steps needed for successful implementation.
1. Cerulli Associates, June 2022.
*CFP Credits not applicable for viewing the recording
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