White Paper
Why Alternative Investment Education Is the Next Competitive Advantage
This white paper explores the forces driving the expansion of alternative investments and the increasing interest of younger investors.Business Thought Leadership
June 27, 2025
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Succession planning isn’t just a backup plan—it’s become a core business strategy. In today’s unpredictable environment, where market volatility, evolving client demands, and demographic shifts converge, advisory firms need to think in the short term about long-term leadership continuity.
According to the 2023 Cerulli Associates U.S. Advisor Metrics Report, more than one-third of advisors are expected to retire within the next decade—but many firms are still unprepared. Waiting until a transition is imminent risks valuation missteps, client attrition, retention of top talent, and skills gaps that could have been avoided with earlier, more intentional planning.
To future-proof your firm, succession planning needs to extend beyond legal documents and ownership clauses. It means building internal leadership pipelines, actively developing successors, and strengthening client relationships through every transition stage.
Higher interest rates and tighter margins are reshaping firm valuations. Succession plans should reflect current economic conditions, advisor productivity, and credentialing timelines.
Clients value clarity. Publicly naming and empowering a successor helps preserve trust, especially when that leader is visible and involved in key relationships early on.
Clients notice the difference. A phased transition that includes mentoring, joint meetings, and shared planning responsibilities is far more effective than a handoff defined by signatures alone.
Done right, succession isn’t a disruption—it’s a growth opportunity. It keeps operations steady, preserves institutional knowledge, and reinforces your firm’s values and vision. In a crowded and competitive landscape, that kind of continuity is a differentiator.
Kaplan is proud to be your learning partner with resources available to support the learning needs of your business. Let us know how we can help you and your employees navigate the challenging times facing us all.
White Paper
Why Alternative Investment Education Is the Next Competitive Advantage
This white paper explores the forces driving the expansion of alternative investments and the increasing interest of younger investors.
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