Thomas D. Giachetti, Chair of Stark & Stark’s Securities group, and Henry E. Van Blunk, Shareholder in Stark & Stark’s Business & Corporate group, authored an article for the June 2009 edition of the Charles Schwab Institutional Compliance Review, entitled An Overview of Internal Succession Planning for the Registered Investment Advisor.
The article discusses the various facets a corporation needs to consider when implementing a successful succession plan. Mr. Giachetti and Mr. Van Blunk recommend advisors to create a succession plan which focuses on planning for business continuity, protecting existing client relationships and determining what will happen when an the advisory firm founders retire. You can read the full article online here. (PDF)