Succession Planning Advisors spend their careers guiding clients into retirement but often overlook their own. At Great Valley Advisor Group, we approach succession planning with three core values in mind – customization, continuity, and confidence. Planning Your Transition Whether you are an advisor considering retirement, making a career change, or simply looking to exit the industry, it’s important to have a clear strategy to ensure a smooth transition for your clients and your business. Importance of Succession Planning While succession planning is often associated with winding down, at GVA, we recommend that every advisor have one in place from the start. Life can be unpredictable, and having a plan ensures that we’re prepared for any unexpected changes. This requirement helps us stay ahead of the curve. If an advisor ever needs to rely on a succession solution, a plan will already be in place. Our proven process covers the following key areas: Ongoing Business Valuation Our succession planning agreement is directly linked to your monthly BOBValue® from our compensation platform, AdvisorBOB. Identify potential successors GVA will help identify other advisors within our firm who have the necessary skills, experience, and credentials to effectively serve your clients. Communicate with clients We can assist with the proper communication of your plan from you to your clients. This is important to help them get comfortable with the idea of the transition and introduce them to the person or team who will be taking over the management of their accounts. Develop a transition timeline Establishing a clear timeline for the wind-down process and client transition is imperative. Our transitions team has documented this process and will work with you each step of the way. Create a client transition plan Our operations team ensures that client accounts are properly transferred, updating client documentation, and providing ongoing support to help clients adjust to the change. Retain key staff Our goal is to retain key staff members who have strong client relationships and an understanding of your business. Their support during the transition can be invaluable in maintaining client satisfaction and business continuity. Berwyn, PA 920 Cassatt Rd, Suite 202 Berwyn, PA 19312 (610) 296-7630 Wilmington, DE 1200 Pennsylvania Ave, Suite 202 Wilmington, DE 19806 (302) 483-7200 Braintree, MA 30 Braintree Hill Office Park, Suite 202 Braintree, MA 02184 (610) 296-7630 Boca Raton, FL 3837 NW Boca Raton Blvd, Suite 100 Boca Raton, FL 33431 (610) 296-7630