Succession Planning & Transition Agreements
Our independent franchisee platform allows you to create a succession plan that gives you the power to sell the equity you build in your practice. Succession plans provide for the transfer of client relationships from one advisor to another when a franchise agreement with Ameriprise Financial ends.
Creating a succession plan allows you to leave your practice with the confidence that your clients will be taken care of by your successor. It also protects your family and clients from the impact of unexpected events like death or disability. This can give you peace of mind in knowing that you can make provisions for the people you care about most.
You may create a long or short-term succession or transition agreement. Transition agreements allow you to sell all or part of your practice in the near-term. Transition agreements offer you an excellent way to acquire new clients from another franchisee or to sell one type of client relationship in order to focus on another. These agreements may be structured to let you remain associated with your clients' accounts, which will help them feel more comfortable with the transition.
You can sell your practice through a succession or transition plan, exiting the business over time while maintaining a stream of income, or directly market your practice through our internal market of ready buyers. Our established succession planning program increases buyer confidence about potential client retention because of the continuity the program can provide. Historically, Ameriprise Financial franchisee practices have sold for more than those of other firms.1