In an ideal world, an advisor develops their successor within their firm over time. But that is not always the case. Planning is critical to success for an advisor transitioning out of their business.
Spire Investment Partners CEO David Blisk states in Ep4 of Blisk Briefs (https://lnkd.in/e6w-QWJs) that a succession could take as long as two years to plan and execute.
“Planning is not a ‘someday’ thing.”
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