Evaluate Your Options

After you define your goals and complete a critical, objective assessment of your business, you are ready to decide what kind of transition to make. Your decision will depend on your personal and financial goals, your relationship with your clients, and the possibility of an employee succeeding you. Time remaining until transition is also a factor.

Transition Options

Transition Options


Option 1: Acquire, Sell to, or Merge with Another Firm (M&A)
Knowing what to expect in a merger or acquisition—and planning for it—will ensure that you’ll be ready to act when opportunity knocks.

Option 2: Adding an Advisor
Key issues to consider include the value the advisor brings, the advisor’s philosophy and organizational culture, any risk of weakening ownership and other potential changes.

Option 3: Internal Succession
By selling or transitioning ownership of your business to other trusted partners or employees, you can retain your human capital development and knowledge in-house.

Get Expert Help

Successful transition strategies require a great deal of effort and expertise. Turning to professionals instead of going it alone will help you focus on your business and avoid the many pitfalls that can arise in the planning, evaluation and implementation of your transition.

Legal and financial resources are provided by third party firms who are not affiliated or employed by Schwab.

Experts include:

  • Corporate attorney
  • Certified Public Accountant
  • Tax attorney
  • Investment banker
  • Valuation firm
  • Transaction intermediary
  • Insurance agent
  • Business or M&A consultant
  • Estate planning attorney

When evaluating experts, you may want to consider:

  • Depth of experience with transition planning
  • Values and philosophy in working with clients
  • Credentials, licenses and background
  • Fees and compensation structure


NEXT: Create a Plan