Solution introduction
Succession planning is an often a forgotten but is an integral part of your business success and value proposition. Succession planning provides peace of mind knowing that if something should happen to you, your clients will be taken care of
It is a simple and easy process that adds tremendous value to your organization. A lack of continuity planning may mean that you as an advisor have not met your fiduciary duty to act in the best interest of your clients
Succession planning is an important part of a firm’s compliance program. Should you become incapacitated or unable to fulfill your role as an investment advisor representative, RIA Innovations can provide a seamless transition for you and your clients.
A business continuity plan will be set up at the custodian level to ensure the custodian will provide RIA Innovations with immediate access to client data in the case of death, disability or even incapacitation of the primary advisor.
An investment advisor representative and a sales assistant will be assigned to your business. The assigned advisor will be the primary point of contact for all your client needs. In addition, experienced back office staff will also be assigned to your business to take over the day to day operations of your firm. The result is uninterrupted service to your client.
Services offered
- Business continuity plan setup at custodian level
- Turn-key program
- Seamless transition
