Prospera Financial Services, a Dallas, Texas-based independent firm, has launched a program to help their firm’s affiliated advisers acquire another practice or create succession plans through a sale.
The Advisor Practice Exchange Program program, called Apex, includes a dedicated consultant to help advisers navigate the buying or selling process, tools including acquisition and succession guides, white papers, recorded webinars, a guide to outside resources and market and economic updates.
“Studies have shown that at least a third of advisers are planning to retire in the next 10 years, but fewer than 10% have taken the time to put an executable succession plan in place,” Prospera said in a release, explaining that the firm created the program to help older advisers monetize “what they've spent a lifetime building while giving growth-oriented advisers assistance in finding the right partner.”
Relationships are key to our business but advisors are often slow to engage in specific activities designed to foster them.
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Survey findings from the Nationwide Retirement Institute offers pearls of planning wisdom from 60- to 65-year-olds, as well as insights into concerns.
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