Succession Planning - Crunching Numbers to Avoid Financial Failure

Note: This article is courtesy of

By Frank Holmes

Talk about unprepared! Were we? Well, let’s jump in.

Financial advisors, RIAs, and financial planners, all 600,000 or so in various permutations, are as a group rather unprepared for passing on the business to the next ownership entity.

Devoting the time to develop a succession plan can help improve the value of your business, position you financially for retirement, maximize tax efficiency, transfer wealth, and ensure that your business thrives into the next generation.