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FinancialADVSR

Est. 2026The front page of wealth managementNew York

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Topic

Succession

How advisors and firms plan for the next generation of ownership.

Many advisory firms are led by founders nearing retirement, which makes succession one of the forces behind both recruiting and M&A. Options include an internal transition to younger partners, a sale to another firm, or a staged path that combines the two.

Firms planning succession weigh valuation, financing for internal buyers, client retention and the continuity of service and culture.

Financial ADVSR covers how firms are handling succession, and the deals it produces.

Latest on succession

Questions

What are the main advisor succession options?

An internal sale to partners or employees, an external sale to another firm or acquirer, a merger, or a phased combination such as selling a minority stake first.

How do internal successors finance a buyout?

Common approaches include seller financing paid over time, specialist lenders that finance advisory practice acquisitions, and gradual equity purchases funded from the firm’s cash flow.