Planning for succession takes time and while it will take advisers away from “the day job,” it will bring focus and peace of mind, writes Roderic Rennison
Financial intermediaries face many pressures in running their firms, and they therefore are likely to consider from time to time whether they want to continue to build their business, or if it is time to consider selling. The importance of a considered approach to planning for succession Most owners of financial planning firm do not formally make time to develop a plan but even spending just a few hours each year will pay dividends as it is likely to identify the challenges and issues that the owner(s) need to consider. When the owner(s) do stop to reflect and consider their options...
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