Breakout Session

Succession Planning: A Step-by-Step Succession Planning Process and Procedure

Level of Complexity: Overview

Speaker(s)

• 

  Emily Chiang, CFP and MBA

  Owner
  EMC Succession Planning, LLC

The concept, the methods used and the need for succession planning are universal to all sole proprietor business owners, including financial planners who are facing similar or identical succession planning challenges as their business owner clients. However, many planners are reluctant to explore the issue of succession possibly due to the uncertainty and emotions that naturally surround any major life transition. In this session, learn how having a nuts and bolts understanding of the process is a effective first step for financial planners to empower their clients and ultimately themselves to successfully transition their business.

Learning Objectives:

• Identify process and the techniques used to sell a sole proprietor financial planning business
• Apply methods and approaches of succession planning to business owner clients to sell their businesses
• Describe major business differences that could derail the transition