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Success as a Financial Advisor For Dummies
book

Success as a Financial Advisor For Dummies

by Ivan M. Illan
December 2018
Beginner content levelBeginner
384 pages
9h 53m
English
For Dummies
Content preview from Success as a Financial Advisor For Dummies

Chapter 24

Ensuring Business Continuity and Planning for Succession

IN THIS CHAPTER

Bullet Keeping your business running when you can’t

Bullet Making sure your heirs don’t get stiffed when you die

Bullet Choosing the right person to run the business after you

Whether you’re a solo practitioner or owner of a several-member advisory firm, you need to plan for your succession to ensure business continuity and provide for your family (and perhaps for yourself) in the event that you can no longer practice (or you no longer want to practice) temporarily or permanently. If you die or are disabled without a plan in place for taking care of you, your family, and your clients, you may be destitute, your family members may suffer serious financial stress, and your clients may be left without the guidance they need to access their accounts or to transition to a new advisor.

A sure sign you’re at the pinnacle of your career is that your clients have tremendous confidence in you and are tremendously loyal to you. If you unexpectedly leave the business (due to a debilitating illness or accident, death, or family crisis; to pursue an incredible new opportunity; or to retire) without conscientiously transitioning your ...

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Publisher Resources

ISBN: 9781119504108Purchase book