Financial advisors are urged to prioritize succession planning to secure the future of their firms. Studies show only 6% of advisors have a fully realized plan in place. The top priorities for succession planning are client care continuity and practice valuation optimization. Founders should start early to avoid last-minute decisions and prepare the next generation of leaders. Advisors are encouraged to put clients’ interests first when considering firm succession. It’s crucial to have a clear plan in place to avoid alienating clients and ensure a smooth transition.

Read more at – Tesla reports record-breaking profits in Q3. (finance.yahoo.com)
– Apple unveils new iPhone with 5G capabilities. (finance.yahoo.com)
– Amazon Prime Day sales surpass $10 billion. (finance.yahoo.com): When it Comes to Succession Planning, Start Early