How Financial Advisors
Leave a Legacy

Succession Planning Is More About Growing Than Going

Ensure your financial advisory practice continues to grow and thrive well after you are ready to slow down. Our team of business succession experts will guide you through creating a detailed plan that includes our recommendations, timeline overviews, pro forma cash flow models, flow charts & organizational plans, and all necessary supporting agreements to initiate your succession plan to help ensure growth and profitability for years to come as you create a multigenerational advisory business.

Customized Strategies for Your Advisory Team

We understand no two teams are the same, and that your priorities are unique to you. Don’t settle for a cookie-cutter strategy. We have developed a variety of strategies to help you and your successors, and will guide you to the correct solution.

A Comprehensive Succession Plan

Having helped hundreds of financial advisors of varying sizes create their succession plan, we will ensure you are able to make each decision with full information with the guidance of our dedicated in-house team of seasoned professionals.

Succession Planning at a Glance

Using our highly evolved approach and strategies, we help owners and their team develop truly unique and comprehensive succession plans built for your industry.

What's included?

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

Single point of contact
Contracts needed to initiate the plan
Up to two (2) contract revisions
At least ten (10) consultation calls
Cash Flow Model analysis

Our elite succession plan package includes additional consulting and industry resources to ensure no stone is left unturned. We will work with you to ensure you have a workable plan by coordinating with your tax professionals, and memorializing the plan through our dedicated succession blueprint document.

How long is the process?

While we move at the pace of our clients, most succession plans take between 3 and 6 months to complete at a comfortable pace.

How to get started?

Getting started is easy – simply complete our short contact form, call us, or schedule a call. Either way, we will make sure we get your questions answered so you can feel confident retaining SRG to guide you and your team.

(503) 427-9910

Schedule Call

SRG was great. Proactive, patient, expert. At the end of the day, I received exactly the product I was looking for.

— John F.

Thank you for your services. I am convinced that, had my partner and I taken this to an attorney, we would have spent two or three times as much. Also, I especially appreciate your attention to the tax aspects of the succession plan (…)

— Hal R.

The SRG team have been of immense value in helping me set up a suitable succession plan between myself and my junior partner. The custom guidance and flexible solutions were vital to making it all happen.

— Phil H.

Succession Pricing

Premium

Elite

$11,000

$17,000

Best For

Industry

RIA, Advisory, Insurance, OSJ, Retirement Plans, CPA Firms

RIA, Advisory, Insurance, OSJ, Retirement Plans, CPA Firms, Other Industries

Number of Owners

One Owner

Multi-Owner

Number of Successors

One Successor

Multi-Successor

Features

Dedicated Team

Industry Specific Questionnaire

Consultation Call(s)

10 Calls

20 Calls

Cash Flow Model

Industry Specific Form Agreements

Contract Revisions

2 Revisions

3 Revisions

Succession Blueprint Document

Coordination with tax professional

Industry Resources

Common Add-ons

Elite Valuation

$6,500

Get Started!

Premium

Elite

Premium

Elite

Succession Planning Service FAQs

Who is the succession plan service for?

Our succession planning services is for owners/founders seeking to create a plan/roadmap to eventually exit their business and transition it to the next generation of talent on their team. The focus of the work is generally on the founder(s) since they are the ones who need a solution, but succession planning requires involvement from all parties as the plan progresses. As a result, while our work starts with the owner/founders, as the work progresses, most owners choose to integrate their successors into the planning process.

Article: Succession Planning 101

When should I engage for the succession plan service?

Succession planning is ideally a state of mind that owners are thinking about throughout their journey building the business. Succession planning is about creating a business that ultimately can outlast you, which is something that is driven and supported by your hiring decisions, the talent you search for, how much time you spend mentoring and training, documenting your workflows and client experience, all so it can be sustained in your absence someday. Assuming this is happening, the development of a succession plan with SRG should generally start 6-10 years before the founder(s) want to retire. For smaller businesses (under $3-$5 million in annual revenue), 5-7 years can be adequate, whereas larger businesses should plan to give themselves more time, ideally in the 7-10 year range.

I am the owner and would like to create a plan, but I don't have anyone qualified or ready. Can you find me a successor?

No. Finding, training, and evaluating an employee that you will hopefully turn into an entrepreneur and owner is statistically unlikely and takes years of trial and error. While we do not have a solution to help you find and hire someone, we can help you find a buyer, and then you can continue to work with him/her for many years following the sale. You can learn more about this solution by visiting our Seller Advocacy Service.

My broker-dealer/custodian/TAMP/etc. has support for my succession plan. Why would I use SRG?

SRG is neutral/unbiased and we focus on doing one thing really well – succession planning. We have an entire team that is dedicated to working with advisors to craft unique succession plans, and with years of experience, we have learned a thing or two. Our resources are highly evolved, having been developed and used hundreds of times with practices large and small, simple and complex. We also provide a comprehensive solution, ensuring you get the guidance and advice you need, as well as the resources to execute the transaction. Our team will guide your team every step of the way.

What do I receive if I engage?

With all service tiers; you will receive dedicated consulting through video meetings, telephone calls, and emails. Clients obtaining Premium Succession Planning support will receive robust cash flow modeling that fully illustrates the planned series of transactions needed to fulfill the plan as well as the necessary contracts to begin implementation of the plan. Clients obtaining Elite Succession Planning support will additionally receive a robust written Succession Blueprint document to further clarify all aspects of the plan, enhanced resources to support decision making and transition planning, and direct coordination with your tax professional(s) to ensure optimal alignment throughout the process.

What is the difference between contingency planning and succession planning?

Each of these services help assist the owner transition their business. However, the methodologies used, potential triggering events, and urgency varies.

Contingency Plans: Contingency Plans are designed to help the owner transition their business to an internal/external licensed advisor (typically within the same broker-dealer/custodian/city and state) immediately in the event of death, disability, and/or loss of license. There is usually a discount applied to contingency plan deals due to the unknown and expedited nature.
Learn More

Succession Plans: Succession Plans are designed to help owners intentionally transition their business to internal parties over an extended period of time. These plans can vary in duration, however, the earlier the planning process begins, the more strategies are available to ensure outcomes for involved parties are maximized. While succession plan are designed to address intentional outcomes, once implemented, these plans often times also address triggering events such as death, disability, and/or loss of license.

How is SRG different?

SRG has years of experience designing and deploying succession plans for our clients. We know your industry and the practical knowledge to help ensure that you, your team, your family, and your legal/tax counsel know how to maintain and implement the 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?

(503)427-9910

Schedule a Call

Who would I be working with?

Parker Finot, Project Manager