Multi-Generational Succession Planning: Creating a Seamless Transition for Your Financial Advisory Business

As a financial advisor, planning for your clients' futures is second nature—but what about the future of your own business? Join guest host Kirsten Schlumbohm, Vice President, Head of Annuity Sales at C2P, as she welcomes father-daughter financial advisory duo Tim Bogart, CLU, CHFC, LIC, AIF®, and, Betsy Larson, WMCP®, BPC of Comprehensive Planning Strategies. Together, they discuss their real-world experience in multi-generational succession planning. They share the lessons learned, the steps taken to ensure continuity, and the benefits of integrating specialized services, like special needs planning, into a financial practice. Whether you’re considering a family successor or looking to transition your business to the next generation, this episode is packed with actionable insights to help you create a smooth, client-centered succession plan. 

Resources: 

• Succession planning training: The Teamwork Movement Live Training 
• Personality test: Kolbe A™ Index  

C2P Advisors only: 

• C2P Portal: C2P Mentor Connect  

Statistics: 

• 16% of the population in the Detroit area has a family member with a disability or special needs 
• 65% of financial advisors lack a formal succession plan