Essential Steps to Building Your Financial Advisor Succession Plan

A succession plan ensures that should anything happen to an advisor or, in some cases, the firm, their business and client data and accounts will be safe, secure, and in good hands with either another advisor or firm.

Top 15 Resources for Breakaway Advisors

Freedom. Control. Legacy building. Strong client relationships. Improved tech. There are a lot of advantages to becoming a breakaway advisor. However, one disadvantage is you may lose daily access to co-workers or colleagues who’ve become valuable resources. Financial advising is, like most careers, collaborative in the sense that we can learn a lot from others. So what’s a breakaway advisor to do?

Top Breakaway Advisor Myths Busted

While it’s been attributed to a variety of people, the adage is true, “If it were easy, everyone would do it.” The same is true of breaking away from firms and wirehouses. There’s a reason not every financial advisor seeks this path. That said, there’s still quite a bit of misinformation out there regarding the process, from decision to action. Let’s clear that up.