Is your practice a labor of love with significant legacy value to you and your family

Or

Is your practice heading toward practicide™, a deteriorating situation with unintended consequences?

Are you concerned about your current transition plan, or the fact that you don’t have a transition plan at this time?

Your practice may be your best asset for providing income to both you and your family for many years to come.

What is your business worth today if YOU sold it versus what would it be worth today if your family had to sell it today because of your death or disability?  Without a plan, what value would your family reasonable expect to receive for your practice?  The amount could range from nothing to just a few thousand dollars, instead of hundreds of thousands of dollars.

The value of your practice may also depend on the terms of your broker dealer contract; what control do they have over your clients, or for that matter what control might your competitors have regarding your clients?

On the other hand, because of confidentiality laws and licensing regulations, your family may not be able to access your client files; much less properly prepare your practice for sale in the event of your premature death.

We may be able to help you avoid this potential loss of thousands of dollars of value and provide security for your clients as well as your family.  Would it give your peace of mind to know that both your family and your clients are going to be properly taken care of?

Establishing a binding plan, determining a proper value for your practice in advance and having a qualified and ready buyer will ensure that both you and your family realize the highest possible value for your practice.  Haven’t you been talking with your clients for years about peace of mind; isn’t it time to make sure you have it too?

Six-Question Quiz

Click here to take the Six Question Quiz about your practice.

The Three Phases of A  Practice

Click here to take a short 20 question survey to assess your practice.

The Wall of Opportunity

White Paper.

Over 70% of insurance agents and financial advisors do not have a formal succession plan.  click here to learn more about the issues and then take some steps to create your plan.

Need More Information?

Please call Ralph Steiner at 651.817.1939, or Ed Howat at 651.405.6644 to discuss your thoughts about succession planning. We are prepared to help you properly appraise the value of your business and we can help you find a qualified buyer either now or sometime in the future.

Click here to go to the Transition Brokers Website