For Retiring Advisor, Father-Son Succession Plan is Best
Seasoned veteran shares how keeping his practice in the family was driven by clients’ best interests
For many veteran advisors with children following in their professional footsteps, the idea of keeping their practice within the family might be a blinding flash of the obvious. But that wasn’t the case for Michael Prittie.
“Years ago, I had planned another route within the branch,” says Michael (pictured above, left), who is retiring at the end of this year after three-plus decades in the business. “However, as it became evident that [my son] Adam had a keen interest, the thought process shifted.”