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Succession Planning

Effective Succession Planning For Businesses

Creating a solid, written succession plan is key for financial advisors. We guide them through the steps to safeguarding the financial future for their clients, employees, and family members, a process that’s especially critical for sole practitioners. Many financial planners have sought FPMG’s counsel over the years to work through succession planning issues.

Among the many topics we cover in this consultative process are:

  • Creating behavioral plans to address succession planning
  • Understanding how non-financial issues affect succession planning
  • Developing a vision for the next phase of life
  • Determining the qualities that are important in a successor
  • Finding a person who has those qualities
  • Structuring the actual succession plan

For financial advisors, having a succession plan that makes sense for both them and their clients can provide invaluable peace of mind. FPMG has the experience and expertise to successfully drive this important process.

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