Mike Byrnes, President of Byrnes Consulting, wrote an article for RIABiz about the need for advisors to have continuity agreements, even if they do not have a fully baked succession plan.
Read this article to have a better understanding of the risks that come with not having an agreement that might impact your business, clients and family. If you do not have one in place, hopefully this information will motivate you to get something set up this year.
Need help planning your businesses future and setting up a continuity agreement? Contact Byrnes Consulting for assistance.