Format:
half-day workshop and/or keynote presentation
Foundational concept:
To address and overcome the underlying obstacles getting in the way of completing a comprehensive succession plan and to begin to customize and take actionable steps in building a successful plan.
Although advisors agree with the need to have a plan to cover their practice in the event of the unforeseen or in a transition, based on extensive research, the reasons more than 75% of advisors don’t yet have one is due in large part to a lack of emotional motivation. Additionally, with pending requirements, to build or not to build a plan will no longer be an option.
Key exercises/tangible deliverables:
Vision exercise to identify their future, develop a successor profile to better evaluate candidates, and identify barriers to moving forward. Delivered in a highly interactive session with small group discussion, pair and sharing, and self-exploration.
Key concepts/takeaways:
- A clear assessment of current situation
- Identify challenges being faced in completing a plan
- The motivation to start, complete, or review a plan
- Identify a potential successor
- An accountability tool