Succession Planning

We are passionate about helping financial advisers with their succession planning, at any stage.  

The approaches that can be used for planning your succession include:  

You may already know your option, or know what you will need to do, however broadly speaking you can use external and internal succession planning in the following circumstances.  

External Internal 
No internal successors Willing and able successors 
Want to exit now, not in 3-5 years Profitability to pay for the investment, e.g. decent payback period 
Too large, too high a sale price Management systems in place 
Not profitable with current operations Time to execute  

Please contact our office to have a discussion around how we can help you frame your succession plan. 

About the Author
Tim Lane , Hobart
Tim helps clients to clearly understand where they are at and plan to achieve their goals. His experience is that small consistent incremental change can achieve big results, with extensive experience in the financial services sector and a wide range of business issues and strategies.
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Are you in the market for an acquisition? Struggling to get to scale and thinking of merging? Trying to solve a succession issue?