Succession planning: Tips from Generation 1 {PFP Section}

Guest: Michael Goodman, CPA/PFS

In this encore* episode, Michael Goodman, CPA/PFS interview generation 1 (G1) members– Lyle Benson, Beth Gamel, and Steve Levey^– about succession planning for personal financial planners, including:

• The business models and background of each’s succession planning experience
• The genesis of the succession plan vision
• How advisors can overcome obstacles, like fear, in order to take the first steps toward succession planning  
• The importance of succession planning to address the unexpected
• How each approached anticipated challenges and, in hindsight, what unanticipated challenges were surprising
• Advice for practitioners who want to move forward in the succession planning process

*This episode originally appeared on www.aicpa.org/pfp in August 2017. The nature of this content is still accurate and relevant and we hope you enjoy this series.

^ Steve Levey has since passed away; yet, his legacy has impacted and benefited so many in our PFP Section community and are grateful for his contribution.

Access the related resources from this podcast:

• Practice management resources from the AICPA PFP Section
• Demonstrate your competency in personal financial planning with the CPA/PFS credential or the PFP certificate program.

Don’t miss other succession planning podcasts!

• Succession planning: Q&A with David DeVoe
• Success tips from Generation 1
• Success tips from Generation 2

^ Steve Levey has since passed away; yet, his legacy has impacted and benefited so many in our PFP Section community and are grateful for his contribution.

The episode is brought to you by the AICPA’s Personal Financial Planning Section, the premier provider of information, tools, advocacy and guidance for professionals who specialize in providing tax, estate, retirement, risk management and investment planning advice and by the CPA/PFS Credential program which allows CPAs to demonstrate competence and confidence in providing these services to their clients. Visit us online at www.aicpa.org/pfp to join our community and gain access to valuable member-only benefits.

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