Christine Timms, retired advisor and author of three handbooks for professional financial advisors (christinetimms.com), talks about choosing a successor and the toughest transition steps.
Timms digs deeper into succession planning in The advisor’s retirement: making a smooth transition.
Directed and interviewed by Katie Keir. Edited by Brad Ling and Emily Ferrier.
Thinking about retirement doesn't have to be difficult
An expert explains how and why to prepare details about your practice and clients
The succession planning process can be difficult, so plan ahead as much as possible
An industry expert urged advisors to step up their game during IAFP's 2021 symposium
Realizing the person you want to take over your practice isn't qualified can be a dramatic moment. How should you handle it?
Fund managers will receive money over the next five years to make social finance investments
Clients now get protection for at least 90% of their death benefits, seg fund guarantees and other coverages if their life insurer fails