All businesses need succession planning. Clients, customers, and employees want to know what happens when the founder steps down. Yet founders predictably hesitate to plan. FP Transitions has developed succession plans for a variety of professional service companies, including IT firms, dental offices, creative agencies and, of course, financial planners, and has identified common challenges and solutions. There is no "one-size-fits-all" path but entrepreneurs can take the first steps by asking themselves a few key questions. By understanding the challenges and options, planners will be better prepared to address succession planning for their clients and business.

Overview: General review of subject from a broad perspective/ dive into basic knowledge on a skill or topic. For newer CFP® or unfamiliar with subject

Course Objectives
  • Describe why succession planning is complex and challenging in closely-held businesses.
  • Identify factors a business owner should consider when creating a succession plan, including the owner's timeline and the availability and preparedness of a suitable successor.
  • Describe different succession strategies a business owner may pursue to meet their financial and lifestyle goals.
Course Information
Date Presented:
December 04, 2019 2:00 PM Eastern
1 hour
FPA Member Price:
Non-Member Price:
Succession Planning for Practice Owners
Speaker Information
Eric Leeper, CFA  [ view bio ]
Individual topic purchase: Selected
Financial Planning Association
CFP CE: 1.00