{"id":73098,"date":"2024-09-02T13:27:31","date_gmt":"2024-09-02T03:27:31","guid":{"rendered":"https:\/\/riskinfo.com.au\/news\/?p=73098"},"modified":"2024-09-10T12:08:40","modified_gmt":"2024-09-10T02:08:40","slug":"business-succession-advice-your-verdict","status":"publish","type":"post","link":"https:\/\/riskinfo.com.au\/news\/2024\/09\/02\/business-succession-advice-your-verdict\/","title":{"rendered":"Business Succession Advice \u2013 Your Verdict"},"content":{"rendered":"<div id=\"polls-329\" class=\"wp-polls\">\n\t\t<div class=\"pollHeader\"><strong>Many practices are \u2018under-weight\u2019 in the level of business succession planning advice they should be delivering.<\/strong><\/div><div id=\"polls-329-ans\" class=\"wp-polls-ans\"><ul class=\"wp-polls-ul\">\n\t\t<li>Agree <small>(94%)<\/small><div class=\"pollbar\" style=\"width: 94%\" title=\"Agree (94% | 66 Votes)\"><\/div><\/li>\n\t\t<li>Not sure <small>(4%)<\/small><div class=\"pollbar\" style=\"width: 4%\" title=\"Not sure (4% | 3 Votes)\"><\/div><\/li>\n\t\t<li>Disagree <small>(1%)<\/small><div class=\"pollbar\" style=\"width: 1%\" title=\"Disagree (1% | 1 Votes)\"><\/div><\/li>\n\t\t<\/ul><div style=\"text-align: center\"><\/div><\/div>\n\t\t<input type=\"hidden\" id=\"poll_329_nonce\" name=\"wp-polls-nonce\" value=\"164f6286bb\" \/>\n<\/div>\n\n<p>The adviser community seems very clear in its view that many advice practices are \u2018under-weight\u2019 in the level of business succession planning advice they should be delivering.<\/p>\n<p>As we go to press, respondents to our latest poll agreed overwhelmingly (96%) with the premise that many practices were not delivering the level of business succession planning advice they could be.<\/p>\n<p>Only four percent of respondents disagreed.<\/p>\n<p>This latest poll stemmed from our report on the growth trajectory path being followed by Perth advice firm, <a href=\"https:\/\/successionmatters.com.au\/\" target=\"_blank\" rel=\"noopener\">Succession Matters<\/a>, due to its focus on business succession planning advice (see: <a href=\"https:\/\/riskinfo.com.au\/news\/2024\/08\/26\/business-succession-planning-growth-trajectory\/\" target=\"_blank\" rel=\"noopener\">Business Succession Planning Growth<\/a>\u2026).<\/p>\n<p><strong>Too Complex?<\/strong><\/p>\n<p>Through Riskinfo\u2019s many interactions with advisers and advice businesses over an extended period, we felt there appeared to be a predisposition among many that a business succession planning advice proposition can be too complex and require too great an investment in time, effort and expertise to justify the return this enhanced advice offer may deliver.<\/p>\n<p>Succession Matters founder, <strong>Adam Smith<\/strong>, concedes any adviser\/advice practice would require a base level understanding and competency around the fundamentals associated with business succession planning.<\/p>\n<p>But he strongly believes most advice propositions, whether risk-focussed or holistic advice practices (subject of course to client demographics), have the capacity to travel this path.<\/p>\n<p>Our poll is open for another week and we welcome your views\u2026<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The adviser community seems very clear in its view that many advice practices are \u2018under-weight\u2019 in the level of business succession planning advice they should be delivering. As we go to press, respondents to our latest poll agreed overwhelmingly (96%) with the premise that many practices were not delivering the level of business succession planning [&hellip;]<\/p>\n","protected":false},"author":24,"featured_media":73100,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[49,8287],"tags":[],"class_list":{"0":"post-73098","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-polls","8":"category-succession-planning"},"_links":{"self":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/posts\/73098","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/users\/24"}],"replies":[{"embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/comments?post=73098"}],"version-history":[{"count":0,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/posts\/73098\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/media\/73100"}],"wp:attachment":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/media?parent=73098"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/categories?post=73098"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/tags?post=73098"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}