Succession Planning: Thoughts on Creating, Protecting and Realizing Business Value with Your Practice

Goad, David
May 2007
Journal of Financial Planning;May2007 Supplement, Vol. 20, p14
Academic Journal
The article discusses succession planning in the financial planning industry. The author presents reasons for the rift he perceives in succession planning in the industry. He notes that financial planning is a new profession and veteran planners have little to no business value to extract at retirement. The author also advises owners of financial planning businesses to communicate with new employees concerning issues of career development. Also discussed is the purchasing of shares in planning firms by young financial planners.


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