Planners can play an important role in helping family businesses develop a succession plan
Should you pass your financial advisory practice on to your children? That depends on your practice, and on your children. Experts — and advisors who have made the transition — offer tips on what has worked
Three tips for working with family members
The three most common transition planning scenarios outlined (IE:TV)
Grooming your successor ensures your clients will remain in capable hands
While a son or daughter may seem like the ideal candidate to take over your practice, think twice, says Thomas Deans, the Orangeville, Ont.-based author of Every Family’s Business: A blueprint for protecting family business wealth.“There’s an incredible amount of naïveté in believing your kids are the only people who will love the business as […]
RBC to host succession planning events
The firms that provide full-fledged, structured succession programs or solid support earn the praise of their advisors
While much of the financial services industry is geared toward retirement planning, some of its major players have no intention of packing it in
Business owners unsure how, when or to whom they will relinquish their business