In my many conversations with manufacturing industry leaders, succession planning consistently emerges as a critical challenge. When business owners start thinking about succession, it’s often because ...

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.

The day-to-day demands of running a firm often push long-term planning to the back burner, says Steven Tenney, founder and managing partner of Grandview & Co. As a result, succession planning can ...

Among all the challenges and responsibilities facing owners of financial advisory firms, succession planning stands out as perhaps the biggest blind spot for the registered investment advisory ...

In any case, departures always leave a gap, and without a solid succession plan, that gap can translate into loss of focus, ...

Financial advisors face twin business challenges that are difficult to accomplish at the same time: succession planning and generational retention of clients. Processing Content On the one hand, the ...

Picture this: You're the founder of a successful company. Your business vision has become reality, your team is unified and precise, your brand identity is strong and your customers are loyal. But now ...

Only about one-third of family-owned businesses have a concrete succession plan, highlighting the risks of internal conflict and instability. Rupert Murdoch’s succession woes underline the importance ...

To continue reading this content, please enable JavaScript in your browser settings and refresh this page. For many business owners, estate planning hasn’t kept ...

While many 1st Generation advisers express confidence in their succession plans, only 6% of those planning to retire within the next decade have a fully documented strategy in place. An industry study ...

Rupert Murdoch created and built a monumental legacy over the course of his lifetime. As the founder of News Corporation, Murdoch built a global empire, which includes influential media outlets like ...