Life is unpredictable. At LCG, we offer unparalleled succession planning services for financial advisors to account for any planned – or unplanned – changes life brings your way. Our team will work with you to create a comprehensive succession plan to safeguard the successful continuity of your business after retirement, or in the event of a catastrophic event.

We offer two primary types of succession planning services:

Catastrophic Succession Planning

LCG can help you build your succession plan in the event of a catastrophic event, such as death or permanent disability. We work hand in hand with specialized legal counsel to create binding agreements based around your unique business, including:

  • Estate plans
  • Disability buyout policies
  • Cross purchase agreements

In addition to estate plan development, we specialize in their execution, maximizing your value.

Retirement Succession Planning

You may think succession planning can wait until you’re approaching retirement, but it’s never too early to begin considering your future. Whether you plan to sell your book of business and move on, or stay involved for many years, LCG will work with you to develop an individualized transition plan.

From valuation of your business, which can be re-determined annually, to the development of legally binding documents, such as cross purchase agreements and buyout agreements, LCG has all your retirement succession planning needs covered. By developing a strategy for your business to account for a planned exit, LCG will provide you the following benefits:

  • Preserve the relationships you’ve worked hard to develop over your career
  • Maximize your business value
  • Mitigate future tax implications, such as capital gains tax
  • Ensure you can efficiently transfer your business to the appropriate individual

For more information on LCG’s succession planning services, please contact David Ruhlig at [email protected].