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The variety of advisors trying to execute a succession plan in 2022 has practically doubled because the starting of the yr, in keeping with the newest RIA Edge Research “Pulse Ballot” launched in September. What’s driving this accelerated shift?

On this episode of the RIA Edge Podcast, Mark Bruno, managing director at Informa Wealth Administration, speaks with Carolyn Armitage, head of Thrivent Advisor Community, in regards to the significance of making a succession plan—and in the end, the very best and worst practices for placing a proper succession plan in place. 

Particularly, Mark and Carolyn focus on:

• What’s motivating RIA agency leaders to execute succession plans now;
• Why it’s necessary to have a proper written succession plan;
• Learn how to decide when it’s the proper time for the founder to exit—and the workers to take over; and
• Who enterprise house owners are selecting as successors and the significance of guaranteeing cultural alignment.