A succession plan is more than an exit plan. For years, financial advisors have believed that when it comes to succession planning, it’s a seller’s market. But as all advisors know, markets change.

In philanthropy, just as in business, the strategic foresight to plan for leadership succession is not just wise; it's imperative. Ensuring that a foundation or philanthropic organization can continue ...

According to the Conway Center for Family Business, family businesses account for 64% of the U.S. Gross Domestic Product (GDP), yet 57% of family businesses have no formal succession plan. 1 While the ...

When thinking about succession planning, it’s easy to paint a picture of something out of HBO’s Succession — sibling rivalry, a founder stepping aside, and the chosen one emerging. In reality, ...

Advisors don’t get to retire like the old ‘company man’ might. There’s no gold watch, there’s no planned ‘last day,’ and ...

Adam Thompson explains practice owners can protect and strengthen the value of their business with succession and exit ...

Organize your plan around four connected questions: timeline, economics, future role and legacy. Do not separate these ...