11min chapter

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Should Internal Succession Plans Provide A G2 Discount For Lack Of Affordability?: Kitces & Carl Ep 136

Kitces and Carl - Real Talk for Real Financial Advisors

CHAPTER

Valuing a Business for Internal Succession Planning

Exploring the complexities and fairness of valuing a business for internal succession planning in financial advisory firms. The discussion delves into the factors influencing discounted valuations compared to external sales, highlighting the importance of the business owner receiving their full enterprise value. The chapter examines the differing perspectives of buyers and successors, emphasizing the need for discussions on the economics of advisory firms to facilitate a smooth transition process.

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