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Succession Planning


A succession plan is best defined as a professional, written plan designed to build on top of an existing practice or business and to seamlessly and gradually transition ownership and leadership internally to the next generation of financial professionals.

As the average age of financial professionals continues to increase in the industry, the growing urgency for succession planning is gaining momentum. Whether you are on the buying or selling side of the equation, timely and relevant information is essential to capitalize on an opportunity.

At the Berthel Fisher Companies, our goal is to assist our 350+ financial representatives in preparing for the worst case scenario as well as the best case scenario.


BFC has template agreements that provide our financial professionals a starting point for establishing their strategy. The greatest barrier to succession planning tends to be the uncertainty of the process and knowing how to navigate the complexity. With the template agreements, we have taken the initial step to help you begin the journey.