Wealthy clients want succession advice

Business succession has very quickly become one of the top concerns identified by high-net-worth clients, finds a survey by RBC Wealth Management.

At the same time, retirement planning and tax minimization remain other key concerns.

“We are seeing a recent shift in the concerns of our high-net-worth clients,” says Howard Kabot, vice president, financial planning, RBC Wealth Management Services.

He adds, “Business owners, because of demographics are realizing issues around the successful transition of their business are not only crucial to the future of their businesses but also to the well-being of their own personal and family’s financial future.”

Here are some articles to help your high-net-worth clients plan for succession.

How I dealt with succession planning

Why partnerships make sense

Wealthy clients have debt, too

Entrepreneurs working longer, without a plan

Sell a business and reduce taxes

Staff

The staff of Advisor.ca have been covering news for financial advisors since 1998.