M&A Journeys: Continuity vs. Succession

February 21, 2022

It’s no secret the wealth advisor population is aging with nearly one-half of current advisors age 55 and over. For advisors in this age group who had already begun to think about and plan for the future of their practice, COVID-19 has accelerated their efforts, raising more questions than ever before.

When it comes to mergers and acquisitions (M&A) for wealth advisory firms, a prevailing question centers on continuity and succession planning: Advisors often ask, “Aren’t they the same thing?”

On the Feb. 24 Dynamic Resource Call, special guest Marcus Hagood, EMS director at FP Transitions, will discuss the uniquely separate topics of continuity vs. succession planning. According to a FP Transitions’ “Continuity Planning” infographic, the perception among many advisors is that continuity and succession planning are the same thing.

The reality: “A continuity plan is a contractual agreement in the event of death or disability. A succession plan is a long-term transfer of ownership. Succession plans are a strong continuity solution, but not vice versa.”

Click HERE to view and download the “Continuity Planning” infographic, and don’t miss the Feb. 24 resource call, “M&A Journeys: Continuity vs. Succession.” Urban Adams of Dynamic Wealth Advisors will share his story and the facets of a carefully prepared succession plan for success.

Photo: Reuben Hansson, Unsplash