Ep 18: Building Legacy Through Intentional Succession with John Collins and Tim Fail

What does it really take to build a financial advisory firm that lasts across generations? In this episode, John Collins, MBA, CES, and Tim Fail, RICP®, of Collins Wealth Management, share their journey of growing a multi-generational, client-first business rooted in intentionality, values, and clear succession planning. You’ll learn how John transitioned from a background in farming and banking into a people-centered advisory practice, why client fit matters more than AUM, and how structure and service drive deep, lasting relationships.Listen in as Tim shares his leap from job security to purpose-driven advising and how their partnership is built on transparency, complementary strengths, and long-term vision. They pull back the curtain on their unique “Legacy Program” that welcomes next-gen family members into the firm, how they trimmed their client base for quality over quantity, and the details behind their structured ownership transfer. Whether you’re an advisor thinking about succession or simply want to strengthen client trust, this episode is packed with real-world insight you don't want to miss!