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Success and Succession: Unlocking Value, Power, and Potential in the Professional Services and Advisory Space by Eric Hehman

Success and Succession: Unlocking Value, Power, and Potential in the Professional Services and Advisory Space

by Eric Hehman
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Book cover type: Hardcover
  • ISBN13: 9781119058526
  • Binding: Hardcover
  • Subject: N/A
  • Publisher: Wiley
  • Publisher Imprint: Wiley
  • Publication Date:
  • Pages: 240
  • Original Price: USD 52.0
  • Language: English
  • Edition: N/A
  • Item Weight: 431 grams
  • BISAC Subject(s): Finance / Wealth Management and Questions & Answers

From the Back Cover

Inside, three experts in management and equity transitions explore proven methods to overcome the operational, financial, and emotional obstacles to effective succession strategies. This practical resource, drawing insights from a never before assembled array of industry thought leaders and iconic practitioners, provides real-world advice for accomplishing the successors' goals, the founders' goals, and ultimately, and most importantly, for achieving durable benefit for the firm's clients.

Success and Succession offers the keys to unlocking value, power, and potential in your firm's future.

Praise for SUCCESS AND SUCCESSION

"Tim, Eric, and Jay explore the seldom seen or heard world of successors' involvement in the overall transition planning process. This is a must-read for anyone who wants to be a successor, in ownership or in management, and certainly in both. Present and future owners will derive a lasting benefit by mining the insight that comes with this book."

--Mark Tibergien, CEO & Managing Director, Pershing Advisor Solutions LLC, a BNY Mellon company

"In this excellent and much needed book about succession, Tim, Eric, and Jay tell it like it really is. They have pulled together key concepts and strategies that will help both founders and successors create viable transitions. I have been there and I know--this is good stuff."

--Kaycee Krysty, President Emerita, Laird Norton Tyee

ERIC HEHMAN is Chief Executive Officer of Austin Asset. Eric joined Austin Asset in 1997 as an unpaid intern, became a principal in 1999, and CEO in 2007. In 2014, Eric completed the seven-year transition plan providing for the retirement of the firm's founder.

JAY HUMMEL is a Senior Vice President in the Corporate Strategy group of Envestnet. He spends much of his time consulting with the company's largest Registered Investment Advisor (RIA) clients and prospects, helping them build and deliver on their strategic vision through their partnership with Envestnet.

TIM KOCHIS is a 40-plus-year veteran of the wealth management industry and a founder and former CEO and Chairman of Aspiriant. He successfully transitioned equity ownership and management responsibility and now consults with firms around the world facing similar issues.

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