Succession planning: Q&A with David DeVoe {PFP Section}

Guests: David DeVoe & Michael Goodman, CPA/PFS

In this encore* episode, Michael Goodman, CPA/PFS interviews expert, David DeVoe, Founder and Managing Director, DeVoe & Company, about succession planning for personal financial planners, including:

• How David’s practitioner perspective and his entrepreneurship led him to become an expert in succession planning for financial planners
• How succession planning has evolved and why industry demographics make it critically important
• The primary reasons why adoption of formal succession plans remains low
• The first steps to take toward creating a succession plan
• Creating a succession plan that aligns with the goals and objectives of your life plan
• What you need to know when the CPA firm is affiliated with an RIA firm
• The different approaches for internal succession versus external succession options
• The benefits of working with a succession planning firm

*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.

Access the related resources from this podcast:

• www.devoeandcompany.com
• 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 coming soon!!

^ 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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