Sell and Stay: Monetizing Your Practice Before Retirement
Legacy Builders
In this episode of Legacy Builders, I delve deep into the intricacies of practice succession with a focus on the "Sell and Stay" strategy. As many advisors approach retirement, understanding how to monetize your practice before stepping away is vital. I discuss key insights from a pivotal white paper that outlines the risks of delaying succession planning, emphasizing the urgency of acting now to protect your practice's future value. We explore various strategies for selling equity while remaining involved in client relationships, highlighting the benefits of financial de-risking, quality of life improvements, and favorable tax outcomes. Join me as we uncover actionable steps you can take to secure your legacy and ensure a smooth transition.
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