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.
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.
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.
We offer three 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
Our premium and elite packages include consulting, revisions, 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.
Depending on your package, we will provide your contingency plan in 7 days following receipt of complete information.
Revisions for Premium and Elite packages are turned around within 7 days, depending on the complexity of your request.
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.
Contingency Plan Pricing
Starter
Premium
Elite
$1,500
per plan
$3,500
per plan
$5,500
per plan
Best For
Clients who are familiar with contingency plan provisions
Single seller and single buyer scenarios
Multiple seller and multiple buyer scenarios and/or contingency plan agreements for teams
Features
Industry Specific Form Agreement
Facilitate e-Signature & Digital Archive
7 Days
30 Days
60 Days
Options
Review of Existing Contingency Agreements
$1,500 per agreement
$1,500 per agreement
Starter
Premium
Elite
Starter
.
$1,500
per plan
Best For
Clients who are familiar with contingency plan provisions
Features
Industry Specific Form Agreement
Facilitate e-Signature & Digital Archive
Options
Review of Existing Contingency Agreements
Premium
.
$3,500
per plan
Best For
Single seller and single buyer scenarios
Features
Industry Specific Form Agreement
Facilitate e-Signature & Digital Archive
Options
Review of Existing Contingency Agreements
$1,500 per agreement
Elite
.
$5,500
per plan
Best For
Multiple seller and multiple buyer scenarios and/or contingency plan agreements for teams
Features
Industry Specific Form Agreement
Facilitate e-Signature & Digital Archive
Options
Review of Existing Contingency Agreements
$1,500 per agreement
Frequently Asked Questions
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.
All business owners should have a written contingency plan.
The individual looking to be protected by the plan.
A valuation is not required to complete a contingency plan, but is encouraged as this will help you/us formulate a more reasonable valuation method in your plan, versus using simple industry averages.
No. SRG has multiple solutions if you do not have a designated partner.
Yes, you should still complete a contingency plan. Insurance is a way to fund a contingency plan, but many plans are not funded with life insurance. Either way, a life insurance policy does not take care of your business or clients and it does not result in maximum value to your beneficiaries.
From a compliance perspective, those affiliated with a broker-dealer need to ensure they comply with FINRA’s continuing commission policy at the very least. 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.
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%.
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.
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.
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.
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.
Julia Sexton, CVA, Director of Strategic Organizational Planning
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