According to the Conway Center for Family Business, family businesses account for 64% of the U.S. Gross Domestic Product (GDP), yet 57% of family businesses have no formal succession plan. 1 While the ...

This story previously appeared on principal.com. The "what ifs" help you create an adaptable succession plan Owning a small business and managing stress have always gone hand-in-hand. And those ...

Getting succession planning right was already a challenge pre-pandemic. Today, with talent scarcer than ever, it is an even higher priority for most organizations. HR should not underestimate the ...

WealthChoice's Bridge Venus Grimes urges colleagues to prioritize succession planning as only 6% have documented plans despite looming retirements ...

"In a crisis, it's not just about identifying a leader who can step in, but also about managing the firm through the crisis," write Elizabeth Lampert and Lara Cupit. The very public division within ...

Succession planning needs to be the focus of businesses. Current leadership should always be on the lookout for talented people to train and develop into future leadership roles. The seamless ...

A well-crafted plan is only half the job. If your family doesn’t grasp your intentions or the plan is poorly implemented, ...

Many financial advisors struggle with the idea of their own retirement due to a fear of losing identity and purpose, leading to delayed succession planning. Casey Jorgensen, head of the Dynasty ...

Developing a succession plan is a responsibility that most advisors acknowledge. Yet relatively few advisors have a plan — a paradox that has persisted for years. To find out about the current state ...

This is the 27th installment in a Financial Planning series by Chief Correspondent Tobias Salinger on how to build a successful RIA. See the previous stories here, or find them by following Salinger ...

University of Delaware Cooperative Extension has recently taken an alternative approach to offering farm succession planning workshops. In cooperation with the University of Maryland Agriculture Law ...