The first time I realized I needed a different kind of help in my advisory business was when I had to fork out $4,000 from my own pocket as young partner. A trade didn’t get executed because my scribbled client meeting notes sat in my stack of to-dos while the market took off. What happened?
Your firm’s succession plan is designed to gradually transfer ownership, leadership, and growth responsibilities to the next generation of advisors. So, how do you ensure the process goes smoothly? FP Transitions' Kem Taylor explains how the tranche system can facilitate an effective transition.