Now There's A Clear Path To Succession Planning For Your Financial Advisory Business

KALAMAZOO, Mich., Feb. 28, 2018 /PRNewswire/ — Succession Connection.com’s new national online marketplace addresses the succession planning needs of financial advisors ready to retire. It identifies buyers willing to pay a competitive price for strong cash flows and a loyal client base. It also provides the opportunity for buyers to take the time to get to know you and your clients, with client retention being the major factor in the long-term viability of the business.

The Succession Connection.com platform offers a number of benefits to buyers and sellers, including confidentiality, access to multiple buying and selling opportunities and the ability to review and analyze financial detail.

“Our vision is to be the go-to spot for connecting succession plans, practice building and a resource for young advisors looking to network and, ultimately, find a job,” stated Daniel Youngs, President of Succession Connection.

According to Cerulli Associates, the Boston-based financial research firm, 29% of financial advisors are between the ages of 55 and 64, with another 12% over 65. The CFP Board of Standards, Inc. says that there are more CFP’s over the age of 70 than under the age of 30. Daniel Youngs feels strongly that “This needs to change! We need younger advisors entering the business.”

Succession Connection’s model offers two subscription plans. Each plan offers members the ability to:

Search the firm’s Connection Marketplace for opportunities as frequently as needed,
Review the interactive map for businesses for sale,
Receive e-mail alerts of new opportunities,
Access anonymous profile information and
Directly message other members on a confidential basis.

The two subscription plans are linked to activity – one offers unlimited usage and the other is offered on an as-needed basis.