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The Many Faces Of Succession

The Many Faces Of Succession

If you’re like more than 50% of active financial advisors, you plan to scale back your work or retire fully within the next decade. (1) But that’s easier said than done, especially without a plan. Of those who are nearing retirement, 28% admit that they don’t have a concrete succession plan in place and are unsure about what they want the transition to look like. (2) With a decision this significant, it’s understandable to feel paralyzed or indecisive, but the future of your business is too important for you to ignore.

Unfortunately, independent financial advisors often have two things working against them when it comes to succession planning: lack of time and lack of options. You spend your days building your business and taking care of your clients’ futures and haven’t thought about your own or had the margin to map it out. Or, you know you want to start moving into the next phase of life, but you aren’t sure if you’re ready to completely let go of your business.

Freedom Wealth Alliance solves both of these problems for you with our three distinct turnkey succession options for you, your clients, and your team—and our guaranteed support every step of the way.

Option 1: Go Hybrid

What is it you love about your work? Interacting with clients? Creating strategies that bring results? Oftentimes, the day-to-day burdens of running a business interfere with the work you enjoy. Our hybrid RIA option gives you the freedom to run your business through an affiliation with us and prepare for an eventual and smooth transition out of the business.

In your working years, we help you take care of non-productive tasks like technology management, compliance, and marketing. And when you’re ready to move out of the business, we provide you with a built-in continuity plan and all the tools you need, including messaging for your clients and workflows to ensure the business transitions with as few hiccups as possible. This option is ideal if you want to spend your final working years focusing on what’s most important to you.

Option 2: Linger Longer

No matter how much you love your work, you may be ready to spend more time with family or start chasing your personal goals. When you run your own business, transitioning to part-time work may feel like a pipe dream. There are just not enough hours in the day to take care of all your tasks and cutting back feels impossible.

This desire to keep working while also seeking flexibility and a more sustainable work/life balance is becoming more and more popular. That’s why we love our Linger Longer model, a valuation-based acquisition plan coupled with a part-time semi-retirement. Working two to three days a week, or just a few hours a day, from anywhere, with no responsibility for technology, management duties, or paying the firm’s bills, you can ease out of your career while still holding onto the aspects of your business that you love and the personal relationships that provide satisfaction and fulfillment in your life. While it may sound like it, we make sure it’s not too good to be true!

Think of it this way: when you sell your practice and remain on board, everyone wins. We keep an experienced advisor, and your best clients continue to receive your great advice. You deserve to finally simplify your life, gain personal flexibility, and more time to pursue your passions.

Option 3: Continuity Insurance

Many advisors struggle with the thought of someone else taking over their business and client relationships because of how emotionally attached they are. There’s no doubt that this is a hard transition, but would it make it easier if you had a team with great ethics, a track record of successful transitions, and which didn’t demand you or your staff to leave? That’s what we do.

We will serve as your business successors when you want to retire and/or if something unforeseen happens in your life. In our best-of-both-worlds approach, we help you develop the continuity plan that you and your clients deserve and avoid the disasters that can occur when financial advisors die without a plan in place for their families, staff, and clients.

What’s Your Plan?

Succession planning is critical for ensuring a smooth transition and an organized transfer of ownership. Let us at Freedom Wealth Alliance help you continue the legacy of your business and retire the way you want, when you want. Learn more about our firm and its unique advantages by visiting You can also email us at or call Kurt Rozman at 262-798-7979.

About Freedom Wealth Alliance

Freedom Wealth Alliance is a Registered Investment Advisor providing a home and multiple affiliation options for financial advisors seeking business growth and/or succession planning, operational excellence, and turn-key placement. We created this firm to relieve your stress no matter the stage of your firm. We take the burden of running the business off your back, so you can spend your time doing what you do best and love the most. If that means spending more time with clients and prospects, you can. If that means spending more time with your family, just do it. Visit and sign up for a free account to access all the tools and resources we have developed to help you transition to true freedom and business ownership.




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