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06/10/2014

5 Levels of Succession

By Ryan Barradas

Here is the second in a series of articles provided by Wealth Point, a presenter at our upcoming FPDA-ISD Summit in September. In our last article, we defined succession and exit planning as a process that facilitates two events: financial security during retirement and success in the absence of current leaders. In order to do this effectively, succession planning must be addressed on five levels: management succession, ownership succession, relationship succession, cultural succession and last but not least, leadership succession. In this article, we'll address each level of succession.

Read the article here.

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