We’re excited to share that our Founder and CEO, Michael Embrescia, recently published an article in Crain’s Cleveland Business titled, “A Practical Guide for Wealth Adviser Succession Planning.” This feature highlights a proven approach to succession planning designed to help wealth advisors secure their legacy while ensuring that clients receive continued, reliable service through the transition.
In the article, Michael addresses key steps wealth advisors can take to make the succession process smoother, based on EmVision Capital Advisors’ experience successfully guiding several advisors through their own transitions.
Here’s a brief look at some of the critical insights he shared:
Choosing the Right Successor: Selecting a successor who aligns with your values and understands your commitment to client care is essential for preserving the client relationships and trust you’ve built over the years.
Developing a Detailed Transition Plan: A well-structured transition plan that includes client communication, operational continuity, and a solid legal and financial framework can ensure a smooth handover for all involved.
Exploring Strategic Partnerships: Partnering with a firm that understands the importance of client care can provide additional support and resources, making the transition process seamless and beneficial for clients.
EmVision's approach emphasizes practical, step-by-step strategies to make the succession journey as seamless as possible. The article in Crain’s highlights EmVision’s successful track record in succession planning and the importance of maintaining both client trust and operational stability. It even shares a success story from Dennis Spontarelli, a current advisor who recently joined the team as part of his succession plan.
We’re proud to be featured in Crain’s for our work in succession planning, and we hope that this article serves as a helpful resource for advisors considering the next steps in their own journeys. Whether you’re beginning to think about retirement or actively planning for the future, our team at EmVision is here to support you along the way.
Contact us today to learn more about us and our approach.
James Artale is a financial advisor located at EmVision Capital Advisors, 251 W. Garfield Rd. Suite 155 Aurora, OH 44202. He offers securities and advisory services as an Investment Adviser Representative of Commonwealth Financial Network®, Member FINRA/SIPC, a Registered Investment Adviser. He can be reached at (330) 954-3770 or at info@emvisioncapital.com.