Ralph Mitchison takes an in-depth look at succession planning in financial services and urges advice business owners to review their strategies sooner rather than later
In a competitive jobs market, professional services firms need a clear and effective succession plan to keep talented workers challenged and motivated, and give them a sense of progression. This has become even more important during the pandemic as employees re-evaluate their careers and pursue greater work/life balance. Promoting the best talent is key to the ongoing success of any business, especially those delivering high-value services, such as consultancy or financial advice. After all, the quality of the services provided by the business is wholly dependent on the quality of the st...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes