Preparing for Leadership Transitions in RIAs

Leadership transitions aren’t just about handing over the reins—they’re about securing a firm’s legacy. The best RIAs know that waiting until retirement to plan for succession is a risky move. Thomas Carroll, CEO & President of Homrich Berg, stresses the importance of starting early, fostering open communication, and preparing future leaders long before they step into their roles.

A well-executed leadership transition isn’t just a checklist—it’s a strategy. Firms that invest in mentorship, structured succession plans, and cultural continuity don’t just survive transitions; they thrive through them. The key is to ensure that new leadership upholds the firm’s values while driving innovation.

At Homrich Berg, the approach is simple but effective: identify, develop, and empower. This ensures that leadership changes don’t disrupt operations, client trust remains intact, and the firm continues to grow without losing its identity.

Key Takeaway?

RIAs that proactively plan for leadership transitions don’t just retain stability—they build a foundation for long-term success.

These insights are inspired by the latest episode of The Connected Advisor podcast featuring Thomas Carroll, CEO & President of Homrich Berg. Dive deeper into the importance of succession planning for RIAs. Listen to the full episode here and explore more articles in this series.