LEAPS 
Legacy Exit & Acquisition Planning Strategies
SUCCESSION PLANNING
Legacy, Exit & Acquisition Planning Strategies (LEAPS)
Legacy Planning, Exit Planning & Acquisition Planning are offered by United Planners. It is time to ensure your family and clients are protected. Continuity plans can cover unexpected events, while succession plans can cover planned exits. Finding the right person to succeed you can be a challenge. UP can help with Successor Search Solutions! With the Silver, Gold and Platinum level offerings, United Planners can help match you with like-minded advisors under the Successor Search Solutions offering. In addition, UP can help coach you through a successful transition. Partnerships with external resources will substantially reduce the costs of documenting your intentions. Take new LEAPS in your practice!
SUCCESS STORIES
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Story 1
November 8th, 2022, an advisor contacted United Planners’ home office to inform us of a cancer diagnosis. He wanted to sell his book quickly and retire so he could focus on his health and travel more. Under the LEAPS program, UP was able to introduce him to three qualified buyers within TWO weeks! On December 11th, a Death and Disability Plan was executed between the seller and agreed-upon buyer while the purchase agreement and deal terms were being worked through. The advisor passed away on December 29th, 2022, just 51 days after his cancer diagnosis. The good news in this story is that the value of his practice will be paid to his named beneficiary by the buyer, the clients will be well taken care of, and the selling advisor was able to rest a bit easier in his final days relying on the LEAPS program to see him through these difficult decisions quickly. United Planners received no fee for performing this service.
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Story 2
April 21, 2022, UP was informed of the passing of a sole practitioner advisor in Southern California with $100M in AUM who was also the portfolio manager. His grieving widow informed UP of his passing, and he had no death or disability plan in place for the practice. There was an assistant who had been with the practice for several years. UP made a call to an existing affiliated advisor with a large team who wanted to expand in Southern California. That team was able to immediately implement a plan to purchase the practice, pay the surviving spouse, retain the key employee, and just as importantly provide continuous service to the clients. While things worked out for everyone in this scenario, we are grateful for the buyer to agree to step in, offer reasonable deal terms to the widow and have the team and resources in place to take on such a major undertaking with very little notice. United Planners received no fee for performing this service.
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Story 3
In October 2021, UP was informed that a sole practitioner advisor passed away at the young age of 43. His passing came only seven months after he joined the firm and he had recently concluded the transition process of moving his clients to United Planners. This advisor was in conversations with another advisor and longtime friend, sharing his wonderful experience with United Planners and encouraging his friend to join the firm. His friend joined UP in August of 2021. This friend was a trusted confidant of the family and an intended death and disability partner, but only by verbal acknowledgment. United Planners LEAPS program was able to work with the widow and trusted friend to negotiate a reasonable outcome that provided income for the grieving family and provide documentation for everyone involved to meet regulatory requirements. There was no compensation for any part of this transaction paid to United Planners for their support in helping the family or transitioning advisor.
