Contingency Planning for Financial Advisors: Who Takes Over If Something Happens to You? (Ep. 37)

Most financial advisors say they have a contingency plan. Far fewer have one in writing. In this episode of the SRG Exchange, Julia Sexton is joined by David Grau Jr., Parker Finot, Kristen Grau, and Ryan Grau to talk through what happens to your practice if you die, become disabled, or can't serve your clients tomorrow.

The panel explains how contingency planning differs from succession planning, compares one-way, reciprocal, and retainer agreements, and shares real stories of what goes wrong when a plan is missing or out of date. They also cover how to set a value someone can execute quickly, why a stated multiple tied to a recent valuation often works better than a valuation at the time of the event, and how to structure the sale for capital gains treatment.

Learn more about contingency planning: https://www.successionresource.com/contingency-planning/