Experienced Financial Advisors
“We understand that when an advisor retires or sells their practice, they still want their clients to be taken care of. That’s why at Ameriprise, the advisor has the freedom to choose an individual or practice that is most appropriate for their clients.”
Brian Osner
Ameriprise financial advisor
Your retirement — your way.
Selling your practice is a major step and will require some tough decisions. The right succession strategy for you will depend on your personal objectives. Ask yourself:
What should I look for in a successor?
You've spent years building your practice and your clients are important to you. Ideally, you want a successor who shares your values and approach to client service — someone who will care about your clients the way you do. Ameriprise financial advisors build deep and lasting client relationships based on our unique approach to financial planning and advice. It's also important that the company behind your successor is financially strong and has the product depth to meet your clients' needs. When you sell to an Ameriprise financial advisor, your clients have access to a wide range of investment and insurance products.
When should I sell?
Deciding how and when to retire is just as important as choosing a successor. Even though many advisors sell their practices outright, Ameriprise gives you the option to transition over time, team with an advisor, or scale back and work only with select clients. In addition, our sunset opportunity offers qualified employee advisors a three-year compensation plan that allows for a smooth transition to Ameriprise followed by a planful exit from the business. The earlier you start planning, the more time you'll have to find the right advisor and make the transition on your timeline.
What is my business worth?
There are many components to valuing a financial practice. At Ameriprise Financial, we look at much more than revenue or assets under management. As you think about selling your practice, it can be helpful to define a price range and then explore offers with potential buyers. Learn more about valuing your practice.
