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Succession planning: The answer within

Internal succession tends to be far less disruptive than other succession routes, observers said. That is because it usually takes place gradually — often over a period of years rather than months.

Larry Olson didn't have to look hard to find someone to succeed him at the helm of the financial planning firm he founded 18 years ago.

Indeed, he found his successor internally, within his firm and even his own family. He picked his son, Erick.

“It's been a big help” ha

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