Protecting What You’ve Built
Years of work have gone into building your practice. Succession and continuity planning make sure that value and the relationships behind it carry forward when you’re not at the helm.
Planning for Tomorrow, While Leading Today
Advisors know how to prepare clients for life’s transitions, yet it’s easy to put off preparing for your own. A clear plan doesn’t take you out of the business; it safeguards the business so your clients, your family, and your team aren’t left guessing. Whether you’re thinking about an eventual hand-off or want a safety net in case of the unexpected, taking time now ensures the practice you’ve built continues to serve others the way you intended.
Plan for the Practice You’ll Leave Behind
No one builds a practice hoping it ends the day they walk away. Whether you plan to sell, merge, or pass leadership to someone you trust, thoughtful planning keeps the value of your business intact and honors the relationships you’ve built over decades. It also gives your family clarity on how the business will provide for them when you step aside. Having a plan in place means you decide what happens, not circumstance.
How we help with succession:
- Connect you with valuation resources and potential successors
- Guide conversations to align financial terms with cultural fit
- Help structure agreements that reflect your goals and client commitments
Protect Your Practice if Life Interrupts
Illness, injury, or even a long absence can put your practice at risk without warning. Continuity planning is your safeguard. It outlines who steps in, how clients are served, and how operations keep moving if you’re not there. That way, your clients stay supported, your staff has direction, and your family doesn’t carry the burden of uncertainty.
How we help with continuity:
- Draft continuity agreements that reflect your practice and values
- Identify trusted peers who can step in and serve clients seamlessly
- Put processes in place so staff and clients have clear direction if you’re unavailable
Recently, Evolution Financial Advisors’ leadership helped guide our acquisition of a large AUM practice from a senior advisor. The process took well over a year to lay the groundwork for a smooth client transition where Evolution Financial Advisors provided guidance on a wide range of issues. We seek input from Evolution Financial Advisors as a valuable resource when making most business decisions.
The above statement was provided by financial professionals associated with Evolution Financial Advisors and affiliated with Osaic Wealth as investment adviser representatives.
No one likes to think about worst-case scenarios, but your practice and the people who rely on you deserve protection. We’ll walk with you as you explore succession or continuity plans that align with your goals and values.
