The decline of internal succession in the age of integrators and aggregators
Remember that almost any carefully developed plan is going to be better for your family, employees and clients than to have no plan in place at all.
A decade ago, internal succession was the norm.
Sure, even back then advisory firm M&A happened, but compared to today, the valuations were proportionately much lower. In 2012, with a lot of planning and a little creative financing, a principal could reasonably expect to complete an equitable
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