An inside job: Advisers are picking, grooming successors from within
To help attract, motivate and retain employees, advisers are giving them a stake in the business and laying the foundation for a succession plan.
Bert Herzog III doesn't have plans to step aside anytime soon from Executive Wealth Management, the Brighton, Mich.-based advisory firm he founded in 1981. But the 61-year-old already has a plan in place to ensure that his $850-million investment advisory firm that manages money for 2,500 households
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