Continuity Management Program
Establishing a practical plan to protect against an advisor’s sudden death or disability is one of the most important and challenging aspects of being an independent financial services practice owner.
The vast majority of financial service practices are largely dependent on the skills and personalities of just one primary advisor, leaving the business, staff, and clients vulnerable should the founder have a catastrophic injury or illness. This problem isn’t restricted to just sole-practitioners, however, as multi-owner businesses which tend to operate as individual “silos” are equally vulnerable. A heart attack, a car accident, or a stroke can erase years of built-up equity value, and the clients’ trust, in a heartbeat. Regardless of the size of your practice or your career path, determining the value of your practice and then creating a plan to protect that value is the single most important step to planning for the future of your advisory career.
Do You Have a Plan?FP Transitions’ Continuity Management Program (CMP) is designed to help independent financial service business owners establish an industry specific plan, detailing what to do in the event of death or disability. This turnkey program includes:
Work with the Most Experienced Team in the Industry
Your business needs a contingency plan that will effectively and efficiently protect your clients and your equity in the event you are not there tomorrow. This requires experience, field-tested contracts, and a knowledge of the unique regulatory environment governed by the SEC/FINRA. Over the last decade, FP Transitions has helped thousands of advisors develop and establish industry appropriate continuity plans. Trust the experts.
How to Get Started
For a flat fee of $1,895, FP Transitions will provide a Comprehensive Valuation for your practice to help you determine the equity that you need to protect; produce a continuity agreement (examples include buy-sell agreements for assets, stocks, or membership interests; rights of first opportunity; and options to purchase); and provide consulting time to walk you through the process of completing your agreement.
When you're ready to get started, simply follow these steps:
1) Download the Continuity Management Program (CMP) Engagement Agreement and Questionnaire.
For more information, call our Customer Service Dept. at 800.934.3303 ext. 2029 or 2037.