Succession Planning Success: Helping Financial Advisors Take Charge of Their Futures

PHILADELPHIA, Nov. 11, 2014 /PRNewswire/ -- eMoney Advisor ("eMoney"), a leading provider of advanced wealth planning solutions for financial advisors, recently concluded a nationwide event-tour, Succession Planning as a Lifestyle Strategy, featuring FP Transitions, the leader in financial advisory business valuation and benchmarking.

More than 300 financial professionals from across the country attended the workshops designed to help advisors forecast the future value of their businesses; identify the strengths and challenges of the enterprises they've built; and implement a timetable for building a succession plan while accelerating their businesses' growth.

"For many advisors, succession planning has provided the foundational elements of growth and stability necessary to attract and retain next generation talent," said Brad Bueermann, CEO of FP Transitions. FP Transitions specializes in the valuation, succession planning and consulting services that help financial advisors build enduring and transferable businesses.

"Just a simple shift in terminology can help you more accurately set your goal," Bueermann explained. "This exercise helps determine whether you are running a practice, business or firm."

Despite being most advisors' single largest personal asset, 99% of independent practices won't survive past one generation. According to Bueermann, shifting from a one-generational practice to building an enduring and valuable business is the first step toward a plan that helps ensure an advisor's legacy. 

"Advisors spend their time planning their clients' retirement. But what about their own?" said Edmond Walters, eMoney's founder and CEO.  "The successful transition of their own business is too-often overlooked, and the reality is, that's preventing many advisors from capitalizing on a lifetime of hard work."

About eMoney Advisor, LLC
eMoney Advisor, LLC ("eMoney"), based in Conshohocken, Pennsylvania, is the only wealth-planning system for financial advisors that offers superior transparency, accessibility, security, and organization for everything that affects their clients' financial lives. A technology envisioned and created by advisors for advisors, eMoney's award-winning software and resources are tailored to transform the advisor's ability to implement comprehensive financial plans and prepare their clients for a secure financial future.  For more information, visit www.emoneyadvisor.com.

About FP Transitions
Based in Lake Oswego, Oregon, FP Transitions partners with independent advisors to build businesses of enduring and transferable value, and also operates the largest open market for buying and selling independent financial advisory practices.  For more information, visit www.fptransitions.com.

SOURCE eMoney Advisor

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