Stage 6
Succession Plan

Robert Tick

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Robert Tick, PFP®, CIM®, FCSI®
Estate and Insurance Advisor
The Financial Formula for Franchisees > Stage 6: Succession Plan

Each stage in the Financial Formula for Franchisees is designed to work in tandem with all other stages. It’s together that all these plans and strategies will help you take full advantage of the financial opportunity that your franchise offers.

Your succession plan is the last main component in this formula, and it forms an important part of your long-term vision. Our objective here is not only to help you plan the transition of the operating business to family or a third party, but also to ensure that all the strategies we’ve outlined up to this point are in line with your succession plan.

Franchise owners often have difficulty instilling essential financial principles to their children, so we also work to provide the next generation with the necessary tools to continue your legacy.

This involves:

  • Working with your legal and tax, and business advisors to ensure a smooth transition is made
  • Tax-efficient strategies to extract cash from your holding companies or corporations
  • Working with younger generations to communicate wealth objectives and strategies
  • Ongoing reporting, monitoring and support for your personal and business wealth

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It's our belief that the wealthy approach investing in a fundamentally different way than most, and it’s this approach that we’ve designed our investment process to emulate.
Robert Tick, PFP®, CIM®, FCSI®
Investment Advisor