Householder Group is expanding a key program designed to help high-net-worth advisors with succession planning for their practices.
The Arizona-based financial planning firm announced that it's expanding its Successor Membership Program, which aims to help facilitate smooth transitions for retiring financial advisors in affluent markets while providing growth opportunities for successors.
Launched in 2019, the program was developed to standardize what was previously an uncertain and unstructured succession process for financial advisors. It’s designed to support advisors nearing retirement by partnering them with a successor.
“Our Program matches founding advisors looking for an exit strategy with compatible advisors who are in growth mode … and are strategically and culturally aligned with the values of Householder Group,” the firm’s COO, Renee Farida, said in a statement.
For retiring advisors, the arrangement provides a structured exit strategy and a liquidity event, while incoming advisors inherit a thriving business and gain a membership stake that’s commensurate with the assets they bring over.
“It’s a win-win situation for all involved, including clients of the retiring advisor who will experience a smooth transition between advisors,” Farida said.
The program recently crossed a key milestone, surpassing the $1 billion AUM mark over the course of 13 deals, including two acquisitions it announced in March.
Building on that success, the firm says opportunities to join the program are now open in its home state of Arizona, as well as Texas and California.
"As with our prior rollout of limited membership opportunities, we expect a high degree of demand for this innovative program," Farida said. “This allows us to selectively invite only the best wealth management professionals into our community of advisors,” she added, highlighting the program’s appeal for advisors looking to break away from a captive model without having to build a practice from the ground up.
As Goldman Sachs tightens rules on event contract trading, RIAs and hedge funds are weighing their own policies
Meanwhile, Wells Fargo lures defectors from UBS and JPMorgan to expand in the East Coast, while another bank aligns itself with RayJay's financial institutions division.
New research suggests AI-exposed workers over 55 are leaving jobs more often than before ChatGPT’s rise.
Agentic AI is landing in trading, treasury and wealth management roles across major banks, with advisory functions as the next frontier.
Wells Fargo affiliate and women-focused wealth firm both promote leadership as they scale advisor support.
Northern Trust’s Ken Lassner shows advisors how to convert volatility into after-tax portfolio gains
Dan Biagini of American Equity says the steady decline of pensions, longer lifespans and a reset in interest rates are rewriting how advisors build retirement income
