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Advisors Must View Succession Planning as Growth Strategy, Not Just Retirement Strategy
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June 24, 2014
"With 99 percent of independent financial services and advisory practices going out of business when their founder retires, firms must increasingly view succession planning as a growth strategy not a retirement strategy ... Beyond succession planning, less than half (45 percent) of advisors polled have a continuity plan in place in the event of an unexpected departure or leave of absence.... Of those without a business continuity plan, nearly three-quarters (69 percent) plan to implement one over the next few years."

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