Mike Papedis speaks with Larry Roth of Ascentix Partners — co-author of a recent succession planning thought leadership paper — on why succession is no longer a back-office issue or a "someday" conversation. The discussion covers minority stake sales, internal second-generation transitions, and why the best succession plans still start with something more fundamental: a founder's clear vision for the future of the business, the client experience, and the people who helped build the firm.
Mike's Take
"The founders who navigate succession well aren't the ones who found the best deal structure — they're the ones who started the conversation before they had to. A goal without a plan is just a wish, and in this industry, wishing your way through succession means your clients, your team, and the firm you spent decades building all pay the price. The time to design your exit is the same time you design your launch."
This interview was originally published in Financial Advisor Magazine.
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