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About SRG

Succession Resource Group is a boutique succession consulting firm based in the Pacific Northwest, serving clients across the country. SRG was founded by David Grau Jr., MBA in 2012 after nearly a decade of helping advisors with valuation and succession planning. SRG's team of experts leverage their industry expertise, combined with best-in-class resources, to help advisors, agents, and accountants manage the equity in their businesses...

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Contingency Planning
Contingency Planning

Protect Your
Most Valuable Asset

Plan for the Unexpected

Creating a contingency plan is one of the most important — and most overlooked — things you can do as a business owner, especially in a highly regulated industry. 

We create simple yet effective turnkey solutions for financial services professions (independent RIAs, financial advisors, accountants, and agents) looking to protect their clients, family, and their business by leveraging years of experience, industry-specific form agreements, and strategic planning resources from SRG.

Contingency Planning Services

Protect Your Loved Ones

Plan for unforeseen events such as death, disability, and loss of license. Ensure your legacy is passed on to those for whom you have worked so hard.

Protect Your Business' Value

Whether you have identified a contingency partner or not, we can help you create a  written plan to ensure the business and clients are taken care of and your family receives value should something ever happen.

SCHEDULE CALL

Service at a Glance

Our experts are available to consult with you on the most effective ways to create a plan designed to provide a smooth transition and obtain maximum value in the event of your death, disability, or loss of license/registration.

  • What's included?

    We offer two service packages based on your needs. At a minimum, all of our contingency plans include:

    • Single point of contact 
    • Contingency plan tailored to your specific needs
    • Up to one (1) contract revision

    Our premium contingency plan package includes consulting and industry resources to ensure no stone is left unturned. We will work with you to ensure you have a workable plan, discuss tax and compliance considerations, and address the practical elements of transitioning a distressed business to ensure a smooth transition.

  • How long is the process?

    Depending on your package, we will provide your contingency plan within 2 days or 7 days following receipt of complete information. Most revisions are turned around within 48 hours, depending on the complexity of your request. But, we will move at your pace.

  • How to get started?

    Fill out our contact form, call us, or schedule a call.

    (503) 427-9910

    SCHEDULE CALL

Contingency Planning Testimonials
Your [contingency plan] service has been professional, helpful, and efficient. The process was much easier and less time consuming for me than I expected.
— Chris G.
It was very nice to work with SRG. I look forward to discussing other related issues regarding my practice in the future!
— Kevin H.
I feel confident in your ability to protect my wife's interest in my absence. She no longer worries about having to sell the practice on her own and for which she is not equipped to do.
— Daniel W.

Pricing

Starter Premium

$ 1,500
$ 6

$ 3,500
$ 7
Features
Single Point of Contact
You will be assigned your team based on several factors, such as package, availability, and complexity of your project.
Industry Specific Form Agreements
SRG will provide you a form contract tailored for your needs based on the information we gather from you.
Contract Revisions
We know it's hard to think of everything on the first try. Each package receives at least one contract revision to ensure the final product is exactly what you need.
1 Revision
2 Revisions
Industry Resources
We don't just want you to have a plan, we want you to understand why you have it and what to do with it. We want this experience to be a success. Therefore, we offer a variety of resources such as guides, checklists, decision trees, whitepapers, and ebooks to ensure have all the tools you need.
Consultation Call(s)
Consultation calls help us clarify inputs, address your questions, and provide recommendations to ensure that your deliverable meets your needs in real-time. The included calls are appropriate for 90%+ of our client projects.
4 Calls
Email Support
Sometimes you just have a quick question! We are happy to address any questions, changes, or thoughts via email.
Timeline
2 Days
7 Days
  Get Started! GET STARTED

Frequently Asked Questions

  • What is the typical discounted value in case of death/disability?

    This varies significantly based on the type of practice and payment terms - as this is dependent on how much risk there is and who assumes that risk. Common discounts range from 0% up to 35%. 

  • My broker-dealer has a contingency program. Does SRG have an opinion on this?

    Yes, we do! We believe broker-dealers are a great resource for many, many things. But a broker-dealer being your backstop upon a death, disability, or loss of license is not one of them. In any of those circumstances, the broker-dealer's goal is to retain the assets and maintain a good public persona. Your goal is to ensure that your beneficiaries are taken care of and receive the value you have spent a lifetime building.

  • What do I need to provide?

    We request you complete a contingency questionnaire. We have a short data gathering worksheet that will allow us to take in the details of your business and personal preferences so we can help provide a plan that meets your needs.

  • How often should I update my contingency plan?

    You should review your contingency plan annually. A thorough review includes determining if your contingency partner is still a good fit for you and your clients, determining if the methodologies applied are still appropriate, and updating the multiples, if applicable.

  • How is SRG different?

    SRG has years of experience helping to set up these types of plans up for our clients. We know your industry. Plus, we have helped our client's family's and legal counsel put these plans into action when something has happened. This is the experience we bring to each client's plan. 

    We strive for excellence and, as a result, we are always learning, adapting, and revising our deliverables and resources to ensure that you receive a fair, accurate, and timely solution as the industry changes.

    We are neutral. We are not affiliated with a broker-dealer or custodian and can provide the advice that is best for you. We also pride ourselves on service - providing high-touch, high-quality solutions to our clients.

  • How do I get started?

    Contact us!

    (503)427-9910

    SCHEDULE CALL

  • Who would I be working with?

    Nicole Frey

    Nicole Frey, CFP®,  Senior Project Coordinator

    Learn more about Nicole

     

    Hattie_circle

    Hattie Everroad, J.D., Project Administrator

    Learn more about Hattie

     

Frequently Asked Questions

  • What is a contingency plan?

    A contingency plan (also known as a continuity plan) is a written document indicating that in the case of death, disability, or loss of license, your practice will be purchased by or serviced by another advisor and your beneficiaries will receive a specified amount in proceeds.

    Download Contingency Plan Info Sheet

  • Who needs a contingency plan?

    All business owners should have a written contingency plan.

  • Who should engage for a contingency plan?

    The individual looking to be protected by the plan.

  • What do I receive if I engage?

    You will receive a 1-hour intake call and a contingency plan tailored to your specific needs. All calls are completed by an experienced SRG expert.

    Preview Our Project Overview

  • Do I need to complete a valuation?

    A valuation is not required to complete a contingency plan, but is encouraged.

  • Do I need to have a contingency partner?

    No. SRG has multiple solutions if you do not have a designated partner.

  • I have life insurance, do I still need a contingency plan?

    Yes, you should still complete a contingency plan. Insurance may help you receive some value for the practice, however, a life insurance policy does not take care of your business or clients and it does not result in maximum value to your beneficiaries.

  • I have a verbal agreement with another advisor. Am I protected?

    From a compliance perspective, those affiliated with a broker-dealer need to ensure they comply with FINRA’s continuing commission policy. If there is no bona fide plan in place (e.g. written plan), it is very challenging to get any value out of the practice.

  • What is the typical discount for a contingency plan?

    This varies significantly based on the method of valuation and how the discount is accounted for. We have seen discounts of 0%-35%, depending on the nuances of the business, the valuation methodology, the partner, and the type of plan executed.

  • My broker-dealer has a contingency program. Does SRG have an opinion on this?

    Yes, we do! We believe broker-dealers are a great resource for many, many things. But a broker-dealer being your backstop upon a death, disability, or loss of license is not one of them. In any of those circumstances, the broker-dealers goal is to retain the assets and maintain a good public persona. Your goal is to ensure that your beneficiaries are taken care of and receive the value you have spent a lifetime building.

  • What do I need to provide?

    We request you complete a contingency questionnaire [link to questionnaire sample]. The questionnaire includes 6 sections to complete: Your Information, Contingency Partner’s Information, if available, Plan Goals, Support Needed, Valuation Methodology, and Payment Terms.

  • How often should I update my contingency plan?

    You should review your contingency plan annually. A thorough review includes determining if your contingency partner is still a good fit for you and your clients, determining if the methodologies applied are still appropriate, and updating the multiples, if applicable.

  • How is SRG different?

    SRG focuses solely within the financial services industry.

    We strive for excellence and as a result, we are always learning, adapting, and revising our deliverables and resources to ensure that you receive a fair, accurate, and timely product as the industry changes.

    We are neutral. We are not affiliated with a broker-dealer or custodian.

  • How do I get started?

    Contact us!

    info@successionresourcegroup.com

    (503)427-9910

    SCHEDULE CALL

Schedule an Appointment

Talk with Our Business Development Team to Learn More

Schedule an appointment to learn more about our succession planning services.

SCHEDULE CALL