Filed Under:Your Practice, Practice Management

NFP Poll: More than 4 in 10 Advisors Lack an Exit Plan

Photo credit: Master isolated images
Photo credit: Master isolated images

Among advisors who are within two years of transitioning their practice to a successor, just over four in 10 lack a succession plan, according to a new survey.

NFP Advisor Services Group, a business segment of National Financial Partners Corp., New York, published this finding in a survey, “The Efficient Frontier of Succession: Maximizing Practice Value.” The survey is based on the results of a March 2012 poll of 227 practice owners and interviews with leading buyers of advisor practices, brokers of practice sales, and consultants in the financial advisor marketplace.

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Nichole Morford

Nichole Morford
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