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Information Case Studies Case Study 2

Case Study 2: Once Burned, Twice-Shy Financial Advisors Plan To Succeed Together

Four financial service advisors made the decision to set up a new business together. Each owner was experienced in their field. Three of them had emerged from difficult circumstances with previous firms caused by ownership disputes when there were no planned exit methods in place.



The key business decision by those three owners was that satisfactory exit strategies had to be put in place before they would commit to proceeding.

BizSuccession was tasked to work up these plans and deliver a succession report. The business was structured with full protection from litigation, exit strategies were developed and written, private assets were fire-walled from trading risk and longer-term succession plans developed to allow equity take-up by future brokers.

This new business has a firm foundation and any future disagreement or sudden exit by one of its owners will operate with clear and certain rules; not effect business viability nor cause a damaging distraction to the remaining owners.


Sean says

We are in business with my parents and brother. Some land had been transferred to my brother and I and we asked Jim to prepare a immediate exit strategy in case one of us had or wanted to withdraw. We sought bank finance to improve the land. Jim was able to do that plus discover a error in how the land was transferred that the bank had missed. Since then my brother has left the state and he is being paid out exactly as we set up; no argument.