Leaving on Your Terms: Planning Your Exit

Your advisory practice may be the most valuable asset you ever own. So why do so many advisors wait so long to plan how they’ll exit? In this episode, Brendan Ryan talks with Ryan Alessio, National Consultant at AssetMark, who has worked with hundreds of advisors on succession planning. He shares what he’s learned about when to start, how to increase the value of your practice, and why finding the right successor is often the hardest part. They cover: When to start planning your exit • How to optimize your practice for a transitionThe role of recurring revenue and client segmentation • How to find (and trust) the right successorWhy many advisors delay succession planning If you want to leave on your terms — both financially and personally — its never to early to start having these conversations. This material is provided for informational purposes only and does not in any sense constitute a solicitation or offer for the purchase or sale of securities nor does it constitute investment advice for any person or a recommendation to take any action. Investment themes and individual securities mentioned may or may not be held in any or all client accounts. The material may contain forward or backward-looking statements regarding intent, beliefs regarding current or past expectations. The views expressed are subject to change based on market and other conditions. The information presented in this report is based on data obtained from third party sources. Although it is believed to be accurate, no representation or warranty is made as to its accuracy or completeness.The views and opinions expressed throughout this presentation are those of the presenter as of date the podcast is episode is published. The opinions or outlooks may change over time with changing market conditions or other relevant variables.Some of our podcast guests may be clients. There was no compensation exchanged for their participation.