08.08.24

Private Advisor Group Teams Up With Succession Tech Platform

by: Leo Almazora

Private Advisor Group, an office of supervisory jurisdiction of LPL, is taking aim at succession and business continuity planning with a new fintech collaboration with Succession Link. Under the initiative, Private Advisor Group is providing its advisors with a digital platform to buy, sell, hire or find continuity partners. A Cerulli Associates report published earlier this year indicates that nearly 40% of U.S. financial advisors plan to retire by 2030. Cerulli also found that more than a quarter are uncertain about their succession plans. “Private Advisor Group embraces a core value across its community to ‘enjoy the journey,’ taking great care to protect the steps, twists and turns during every stage of a financial practice’s journey,” said Donald Stahl, head of sales and solutions at Private Advisor Group. “Navigating unforeseen events and ensuring continuity is a challenging but essential part of our work with advisors and their families.”

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