Over the next 10 years, as Baby Boomers near retirement, an unprecedented transfer of wealth is set to take place. Recent studies show that most senior advisors have done little to no planning in regards to their inevitable exit from the industry.
- Part one includes a comprehensive Wealth Strategy Plan prepared by Wealth Strategy Group (www.wealthstrategy.ca) at a significantly reduced rate, ensuring that the advisor transitioning out of the industry has their financial & legal affairs in order and that their family and business is properly set up for transition.
- Part two involves the actual transition process, with a Junior Advisor (possibly more than one) being “matched” with a Senior Advisor, all under the facilitation and administration of Wealth Strategy Group and Financial Transition Resources Ltd. This transition process will ensure that the divesting (Senior) advisor has their valued clients looked after by the acquiring (Junior) advisor and Financial Transition Resources Ltd.
The Guaranteed Insured Transition Program is NOT for advisors who are seeking a lump-sum payment for their practice, which often results in selling the practice at a substantially reduced rate and abruptly leaving their clients in the hands of a completely new, untrusted advisor. Under the Guaranteed Insured Transition Program, Senior Advisors can have the peace of mind knowing their valued clients are being looked after while the advisor transitions into retirement. Junior Advisors undergo a rigorous screening process and only the top candidates will be specifically matched with practices that offer the best possible fit for the Senior Advisor and their clients.