Having a great, well-thought-out succession plan for your business shows a lot of care and respect for the people you love and care about. With a proper agreement, the beneficiaries will be your family, your staff, your clients and every supplier from your landlord to the office supply company that you use.

It isn’t tough, but there are many moving parts. You need to think about valuation, funding, operations, regulation and compliance, contracts, and ongoing client relationships. We will focus on the succession side of your wealth management business and not the traditional CPA side. While in theory there are many similar issues, the value of the traditional CPA firm is disconnected from (and far lower than) the value of the wealth management practice, and is frequently dealt with separately.

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