Digest July 28th

7 Common Succession Planning Pitfalls Advisors Should Avoid

Succession planning is a critical business decision, not a one-time event. LPL Financial outlines seven frequent mistakes—such as waiting too long, overlooking tax implications, and lacking documentation—offering actionable tips to ensure a smoother transition and preserve business value. LPL Financial

Why Advisors Building for 2035 Must Start Succession Planning Today

A growing number of advisors are structuring their practices to thrive beyond the founder. McKinsey-backed research shows that only firms with documented processes, leadership development, and integrated technology can outlast transitions and retain clients past retirement. Advisor Perspectives

WealthTech Trends 2025: AI, Cybersecurity & the Build vs. Buy Debate

The WealthTech ecosystem is evolving rapidly. Key trends include AI-powered tools, cybersecurity enhancements, and RIA decisions on whether to build in-house systems or adopt third-party platforms—critical technology considerations for scaling firms. Wealth Management