The financial advisory industry is on the brink of a major transition, with more than one-third of advisors expected to retire in the next decade. According to a recent report from Cerulli Associates, this wave of retirements will impact over 41% of total assets in the industry. However, many advisors—especially those at independent registered investment advisory (RIA) firms—are uncertain about their succession plans, raising concerns about the future of their businesses.
We know potential buyers and sellers face significant challenges in structuring deals and valuing practices, let Focus Financial provide expert guidance in your transition. With a proven track record of completing 70 succession plans since 2004, Focus Financial works closely with advisors to understand their goals and address their business needs, while developing a plan that will enhance brand loyalty and customer retention. As the industry shifts, having a well-structured succession plan can ensure long-term stability and growth for both retiring advisors and those looking to expand their firms.
Jake Saba, VP of Growth & Succession at Focus Financial, shares three key tips to help kickstart your succession journey. In this video, he breaks down essential steps for advisors looking to plan their transition effectively—whether you’re preparing for retirement or seeking to grow through acquisitions. Watch as he provides expert insights on how to structure a successful succession plan, navigate common challenges, and ensure a smooth transition that protects your clients and business legacy.
Preparing for succession or acquisition is as critical as managing client portfolios. For personalized guidance, reach out to Jake Saba.
Source: Financial Advisor IQ – Succession Plan Murky for Many FAs Nearing Retirement: Cerulli
