Succession Planning for Advisors – Why is it important?
As we kick off this video series for 2021, our EVP Sam Febbraro sat down with John Novachis, EVP Corporate Development to discuss why advisors must create a succession plan for their business – and why it needs to started sooner rather than later.
John goes on to discuss how succession planning is interconnected to your business continuity plan and your ability run the business in your absence. He also introduces the concepts of “Successor planning” and “Exit planning” and explains why these matter when planning for your succession and concludes by highlighting the one thing he believes advisors must consider when it comes to their succession.
Click here to download the full transcript from this video.
In his latest blog, John Novachis, EVP at Investment Planning Counsel sheds light on emerging trends catching the attention of Advisors, but are these the right choice when considering your succession plan?
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