A Complete Guide to RIA Succession Planning with Paul Blease

Your business may not be for sale, but it should always be salable.

According to a 2019 study by J.D. Power, the average age of a financial advisor is 55; approximately one-fifth of advisors are 65 and older. If you're within 5 - 7 years of exiting the business, succession planning should be one of your key strategic initiatives. Paul Blease advises that preparing to sell your practice is a process of analysis and optimization that requires a multi-year runway. Without proper planning, you risk undervaluing your life's work and damaging the key client relationships you'll need to sustain the business when the time comes to retire.

Guest: Paul Blease, Strategic Consultant, Invesco Global Consulting at Invesco Global Consulting.