Any entrepreneur knows that there comes a time to exit the business. Waiting until that time arrives can be disastrous. Planning ahead can mitigate headaches like valuation, transition, and most importantly, client retention.
Our GDX360 platform can help soothe nervous clients by creating consistent, personalized experiences.
Planning an exit can be both exciting and overwhelming. By coordinating this event with your advisor, you’ll be better prepared for the obstacles that will eventually arise, while reducing the risk of surprises.
Some essential best practices worth considering:
Partner with your advisors to create sound exit strategies. It can help them get the most value out of their practice, while giving their clients – and you – reassuring consistency.
By creating an exit strategy now, you’ll have the ability to:
Nothing will short-circuit a potential succession deal faster than operational or compliance issues.
It can be challenging to provide clients with a personalized experience that is also consistent, repeatable and scalable.
Firms and retiring advisors can overcome this challenge with Wealthcare’s succession planning services and our GDX360 platform. It’s an easy-to-use process that streamlines tasks, while improving the client experience.
Advisors work with clients to plan their futures. Now it’s time to help your advisor plan for theirs.
When an advisor begins to consider retiring, they’ll start to get their business house in order.
Wealthcare’s succession planning model can help your firm guide advisors through the various decisions they’ll need to make. It’s an effort to maximize value, while providing consistency for clients that can improve short and long-term retention.
When one of your firm’s advisors decides to retire, the really important work begins: communication. Keeping everyone in the loop reduces the potential for unwelcome surprises.
We can help plan and execute an effective communications program that: