Practice Management

Buying or Selling a Book? Test Your Succession Planning Knowledge to Win

This short quiz contains 10 questions that focus on different aspects of buying, selling and transitioning a book of business – food for thought for all Advisors.
November 2019

It stands to reason that buying or selling a book is a hot topic with Financial Advisors – demographically speaking, it affects the majority of our Insights readers, from the Baby Boomers among you looking to retire, to the younger set trying to grow their business. The question is, do you know how to plan – and execute – a seamless handoff?

All of my processes begin and end with client well-being, so the real impetus to starting the search for a viable successor as early as I did was to ensure a smooth transition. My goal was to have complete alignment between my business decisions and my clients’ best interests.

This material is provided solely as an overview of current securities regulatory issues. The information contained herein is not, and should not be construed as, investment advice to any party. It is based on sources that we believe to be reliable, but is not guaranteed by us, may be incomplete, or may change without notice. The information contained in this article does not constitute legal advice and readers are cautioned to consult their own legal advisors prior to acting on the information expressed in this quiz.

BMO Global Asset Management is a brand name that comprises BMO Asset Management Inc., BMO Investments Inc., BMO Asset Management Corp., BMO Asset Management Limited and BMO’s specialized investment management firms.

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