Business Transitions Offers New Breakthrough Program for Sole Practitioners.PORTLAND, Ore. -- Business Transitions, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control (www.BusinessTrans.com) announced today a significant new benefit for members of its family of transition/succession planning websites. The new feature, called "Unplanned Transitions", provides sole practitioners in the financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. industry the opportunity to create a plan for their practice in case of their death or permanent disability. This benefit is immediately available to users of the FP Transitions, RIA (Rich Internet Application) A Web-based application that approaches the speed and elegance of a local application. An RIA may refer to a browser-based application that uses AJAX or another enhanced coding technique. Transitions and NAPFA NAPFA National Association of Personal Financial Advisors NAPFA National Physical Fitness Award Transitions web sites. Unplanned Transitions allows an independent registered representative or investment advisor Investment Advisor 1. A person making investment recommendations in return for a flat fee or percentage of assets managed, known as a commission. 2. For mutual fund companies, it is the individual who has the day-to-day responsibility of investing and monitoring the cash and to prepare a complete seller's listing in advance. The listing is designated as an Unplanned Transition and the listing remains inactive and unseen, until it is needed. Sample instructions are provided to a practitioner so they can instruct their executor or personal representative that a seller's listing is ready and waiting with current information. In the event the practice needs to be sold because of the practitioner's sudden incapacity The absence of legal ability, competence, or qualifications. An individual incapacitated by infancy, for example, does not have the legal ability to enter into certain types of agreements, such as marriage or contracts. , such as a car accident, serious health problem or the practitioner's death, the seller's listing is activated and an immediate search for a replacement advisor is begun. Practitioners receive a quarterly e-mail from Business Transitions reminding them to keep their Unplanned Transitions information current, and a yearly Transitions Report, to help them stay informed on value issues and comparable sale prices of similar practices. Value for an Unplanned Transition sale is pre-determined by using the most recent Transitions Index (published quarterly on each Transition site and listing average down payments, tax allocations and value multiples) to determine the price and general terms for this sale. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Bill Grable, Chief Financial Officer for Business Transitions, and the creator of the program: "Unplanned Transitions matches the needs of a single practitioner with the power and efficiency of the open market on a national level. This unique program allows a registered representative or investment advisor to create significant value from a situation where there was none before. This is a major breakthrough in terms of value and opportunities for those who prefer the lifestyle of the sole-practitioner." Past sales of distressed practices (practices sold because of death or disability) have been routinely accomplished in less than 21 days using a comparable sales valuation method, a non-advocacy support system and detailed form contracts. Unplanned Transitions was created in response to sole practitioners who needed an answer for their clients about what would happen in the event of their own incapacity or death. Unplanned Transitions provides a workable, practical answer to that question. About Business Transitions Business Transitions is the recognized leader in transition planning and succession planning Management Succession Planning In organizational development, succession planning is the process of identifying and preparing suitable employees through mentoring, training and job rotation, to replace key players — such as the chief executive officer (CEO) — services for the financial services industry. Business Transitions now provides six (6) different online marketplaces for independent financial service professionals including FP Transitions (www.FPtransitions.com) for independent registered representatives, RIA Transitions (www.RIAtransitions.com) for registered investment advisors Registered Investment Advisor (RIA) is a designation obtainable in the United States by an individual who has registered with the U.S. Securities and Exchange Commission or state regulatory agency (where the primary business is situated or multiple States in some cases) in , NAPFA Transitions (www.NAPFAtransitions.com), a private label site for the National Association of Professional Financial Advisors, CPA (Computer Press Association, Landing, NJ) An earlier membership organization founded in 1983 that promoted excellence in computer journalism. Its annual awards honored outstanding examples in print, broadcast and electronic media. The CPA disbanded in 2000. Transitions (www.CPAtransitions.com) for accountants and enrolled agents, Insurance Transitions (www.InsuranceTransitions.com) for independent insurance agents and Canada Transitions (http://www.fptransitions.ca) for Canadian advisors. |
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