Succession planning is never straightforward, however when life circumstances speed up the timeline, it requires braveness, readability, and deep belief in your crew. This episode explores methods to handle an possession and shopper transition with empathy, construction, and transparency.
KayDee Cole is the founding father of Readability Wealth Growth, an RIA based mostly in Corvallis, Oregon, that manages $200 million in AUM for 220 shopper households. Hear in as KayDee shares how she navigated an expedited succession plan after a most cancers recurrence, promoting fairness to her COO by a seller-financed mortgage and making ready different crew members for possession. We additionally discuss in regards to the structured four-meeting course of she created to transition purchasers to new advisors, how she coached her crew by readiness conversations, and the way clear communication helped retain practically all purchasers by the change.
For present notes and extra go to: https://www.kitces.com/468