Succession Planning

Succession Planning for Financial Advisors

Protect Your Legacy, Secure Your Clients’ Future

As a successful Financial Advisor (FA), having a formal succession plan is essential—not just for you, but for your clients and your family. At Andrew Garrett, we provide tailored succession planning solutions to ensure a seamless transition of your practice in the event of unexpected death or permanent disability. Our structured agreements protect your clients, monetize your practice, and provide financial security for your estate or retirement.

Succession Planning Payment Options:

Fixed Amount Plan – Pre-determined, equal monthly payments over time based on a percentage of your average production.
Commission Sharing Plan – Revenue-sharing arrangement for a set period, allowing for a gradual transition.

Why Establish a Succession Plan?

Client Continuity & Peace of Mind – Ensure your clients are cared for, even in unforeseen circumstances.
Maximize Your Practice Value – Monetize your business through structured payment options.
Flexible Exit Strategies – Explore options from internal succession to external sales or mergers
Customizable Transition Plans – Choose between fixed payments or commission-sharing models.
Regulatory & Compliance Guidance – Navigate industry requirements with confidence.
Confidential & Personalized Approach – Tailored solutions aligned with your vision and timeline.
Ongoing Client Care – Maintain trust and continuity with a well-planned transition.
Protective Legal Safeguards – Agreements include confidentiality, non-solicit, and non-compete clauses.

Getting Started:

Select Your Successor – Choose a receiving FA from within your complex.
Determine Valuation – Consider client mix, AUM, business style, and revenue history.
Draft a Custom Agreement – Define terms, transition structure, and financial arrangements.
Review Regularly – Update your plan every two years to ensure alignment with your evolving practice.

Secure your legacy. Protect your clients. Plan for the future with confidence.

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