The challenge in succession planningBY EUGENE ARDINO | WEDNESDAY, 1 JUL 2020 4:02PM Given that Lifespan has recently achieved the milestone of 25 years as a provider of licensee services, it comes as no surprise that over the years we have often had detailed ... Upgrade your subscription to access this article
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MAGDELINE JACOVIDES
FOUNDER AND FINANCIAL ADVISER
MAZI WEALTH
FOUNDER AND FINANCIAL ADVISER
MAZI WEALTH
On top of running a successful practice, Mazi Wealth founder Deline Jacovides is a fierce advocate for closing the superannuation gender gap and has built a highly popular social media presence that takes financial literacy to the next level. She tells Karren Vergara where her passion comes from and how she integrates it all with family life.
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A good overview of what is involved with succession planning. It is no surprise that those businesses with a formulated succession plan that ensures all parties are rewarded, will typically be more profitable and attractive to potential successors. Why? Because everyone is on the same page and working towards a common goal. Just because the Principal is retiring does not mean other advisers and staff are also retiring. Obtaining good tax and legal advice is also critical to ensure a good outcome.