THE SUCCESSION CHALLENGE
Why Financial Professionals are Failing to Plan for the Inevitable
Knowledge Labs® recently partnered with the Financial Planning Association on a survey to understand how financial professionals are approaching succession planning, and if they haven't, to define what is holding them back.
Room for Improvement
FIVE STEPS TO LAUNCH
YOUR SUCCESSION PLAN
A proactive succession plan can make all the difference, providing teams and clients with a smooth transition and giving retiring financial professionals greater peace of mind. Thoughtful planning is critical to creating a successful transition.
Only 34% of financial professionals within 10 years of retirement reported having some form of a plan in place.”
TIPS TO FINDING THE RIGHT SUCCESSOR
Preparing for a cohesive legacy is not that simple.
Review key questions you can ask yourself — and your potential successor — to help you plan the future of your business.
51% reported one of the biggest challenges was finding the right successor.”
THE ATTRIBUTES OF TOP-
Knowledge Labs®, in collaboration with The Investments & Wealth Institute and Cerulli Associates, explored 2,800 financial professionals practices to learn what qualities are shared by the most successful teams.
Over 50% of top-performing teams hire “producing” junior financial professionals to pursue future growth and aid with legacy planning.”
Knowledge Labs® recently partnered with the Financial Planning Association on a survey to understand how financial professionals are approaching succession planning, and for those who don’t, to define what is holding them back.
Contact your Janus Henderson sales director to learn more about resources and consultation opportunities in preparing your succession plan.
Financial Professionals Resources
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