5 Steps When Selling Your Firm to a Junior Advisor

As a financial advisor, you spend considerable time helping clients plan for retirement. You may even have discussed with some clients how they will transition out of a family business to let a successor continue what they have so carefully built.

Your business deserves the same thoughtful approach to succession. Taking a proactive approach helps you control the process and determine the best fit for your practice as well as your personal transition.

If you are like many advisors, you may have decided that mentoring a junior associate to grow into and acquire your practice is the best option. Who better to succeed you and serve as a future internal buyer than one you have handpicked, someone who understands the hard work you put into the practice?


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