Are you thinking about your retirement and selling vs. succession? PlanMember has an opportunity for you.

Financial advisors spend their entire careers helping clients prepare for retirement, providing advice on how to maximize cash flow and preserve capital in retirement. Roughly 40% of current advisors will themselves retire in the next 10 years, yet many don’t have a plan to retire from their own investment advisory business.*

When comparing the retirement options that most broker/dealers offer advisors, the firm prevails in most of those transactions. Many offer a 3-5 year buyout but with earnouts to meet and hurdles to clear. This often leaves the advisor spending a portion of their payout legally challenging the firm they spent years serving.

What if there was an option where you wouldn’t have to hire business valuation experts and attorneys to reach a mutually-advantageous succession agreement? What if the revenues from your business could continue to pay you and your beneficiaries for 20 years?

PlanMember Securities offers an industry-leading business succession plan that preserves an advisor’s ability to earn income from their book of business well into retirement. We’ll even help find a successor rep to service your clients so your business continues to generate income after you retire. PlanMember does not choose your successor rep, you do, we simply help source one if you don’t already have one identified. 

PlanMember administers the succession plan and calculates your commissions each month. You have full access to the commission statements generating your income and you no longer have to hold securities licenses. This plan has been available to qualifying PlanMember advisors for over 20 years and more than 100 retired advisors are enjoying it today. How could they not ? The plan generally pays 5-7 times more in cash flow over twenty years than the sale of the business at 2.5x net income.

Contact me to learn more.

*“One-third of advisors plan to exit business within a decade,” InvestmentNews, February 3, 2014. August 1, 2016. https://www.investmentnews.com/one-third-of-advisers-plan-to-exit-business-within-a-decade-2-56247