The Cost of Inaction: Why Financial Advisors Must Prioritize Continuity Planning
Legacy Builders
In this episode of Legacy Builders, I dive into the critical yet often overlooked topic of continuity planning for financial advisors. Despite building robust plans for clients, many advisors neglect to secure their own business's future. I explore the catastrophic risks of inaction, such as equity loss, client departures, and family burdens, using insights from the 2025 white paper by Brian Doherty. We discuss the essential elements of a solid continuity plan, including successor selection, valuation, legal frameworks, communication strategies, and regular reviews. By planning proactively, advisors can ensure their legacy endures, providing peace of mind and security for clients, family, and staff. Join me as we unpack how to transform this daunting task into a strategic advantage, safeguarding what you've worked so hard to build.
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