Laurie Nichols: Wealth Management Succession & Transition Coach

In this episode we spoke with Laurie Nichols, a succession & transition coach for independent wealth managers and professional service firms. We begin the discussion with how she got into the wealth management industry prior to being a CPA, and we go into detail regarding how the transaction worked. Then we talk about the key value propositions RIAs have, and how they can continue those into their next iteration of a company.

We discuss how to encourage talent within your firm, and how to properly frame your business to potential buyers for your company if your succession plan includes an external sale. We talk about having ‘courageous conversations’, and creating a self-inventory when identifying successors - which might not be just one person - and why they are critical to creating a good succession plan. We talk about how to jumpstart succession planning, and how to find Laurie if the time is right. 

• The False Hope of Glo7665bal Diversification http://bit.ly/3QZNMGI

• 5 tips to separate the signal from the noise: https://justbuildwealth.co/subscribe/

• List of 300+ Continuing Education courses: http://bit.ly/3iBZMBE