Succession isn’t about replacing one person with another. It’s about preparing the organization for what comes next.​ ...

The special business succession plan for the business succession tax system can be submitted until September 30, 2027, under ...

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 ...

This story previously appeared on principal.com. The "what ifs" help you create an adaptable succession plan Owning a small business and managing stress have always gone hand-in-hand. And those ...

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.

Preparing for ownership transitions can help preserve viable businesses, protect jobs, and reduce disruption for customers.

A new study highlights a significant flaw in wealth management firms' recruitment and development strategies for the next generation of financial advisors: a lack of succession planning. Processing ...

Succession planning gone wrong—or ignored completely—can wreak havoc at an organization. Maybe things won't reach the level of mayhem at the fictional Waystar Royco conglomerate on HBO's hit drama ...

As 2025 comes to a close, most advisory firm owners, including myself, are once again carving out time to reflect on the past year. We review client service models, evaluate staffing needs, revisit ...

Yesterday, I had the opportunity to learn about dental clinic consulting and business succession from Mr. Niwa of Yumeoka Co.

Forest Dutton knows firsthand what can happen when an advisory firm lacks a finalized succession plan. Processing Content Today he owns Brightworks Financial Planning in Lexington, South Carolina, but ...

For many families, succession planning remains one of the most difficult conversations that is had around the kitchen table.