Are you working to build your own succession plan? Are you an associate planner who wants to be part of your firm’s succession plan? This episode is for you!
It’s not a secret that succession planning is an emotional, often tension-riddled topic. So many times, a practice might have a succession plan in place with good intentions, only to have it go awry. This is largely due to mismanaged expectations, a lack of understanding and respect from all parties, and a lack of teamwork or synergy among the planners involved.
That’s where Christine Sjolin comes in. Christine is the VP of Operations at FP Transitions, a business that focuses on helping advisors build a seamless succession plan that benefits founders, advisors, and everyone involved at the practice.
We’re covering succession planning from the point of view of a lead advisor or founder and of a financial planner who might want to become a successor. There’s so much learning that every advisor can do when it comes to succession planning, and this episode dispels myths that stunt the growth of financial planning practices across the country. .
What You’ll Learn:
- How to pursue a succession plan within the practice you work for
- How to talk to a practice owner about a succession plan
- Why a practice owner shouldn’t view a succession plan as a “timeline until they leave the firm”
- How to manage expectations as a planner who works for someone else’s firm
- How to be a rainmaker for yourself
- How small changes can make a huge impact as you move toward creating a succession plan
- Why your “why” matters if you want to be part of a lead advisor’s succession plan