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Favorite succession plan of RIAs remains the same: none at all

The biggest impediment to planning is finding a successor

Author Brooke Southall June 7, 2010 at 5:23 AM
1 Comment
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David DeVoe: The numbers have slowly crept up in terms of advisors that have these plans in place but we still see situations where folks don’t.

David Selig

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David Devoe

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Mark Hurley

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Mike Watson


Mike Byrnes

Mike Byrnes

June 9, 2010 — 7:06 PM

From my perspective, almost all advisors believe a succession plan is important, but many put it on the back burner, as they do not see it as an urgent concern. Smart advisors are proactive, planning for the future and in case of an emergency, so their family and clients are taken care of when they are gone.

Michael W. Byrnes, Jr.
President
Byrnes Consulting, LLC
www.byrnesconsulting.com


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Mentioned in this article:

TD Ameritrade
Asset Custodian
Top Executive: Tom Nally

DeVoe & Company
Consulting Firm
Top Executive: David DeVoe



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