InvestmentNews recently reported on a father-son duo at UBS to discuss how to ensure a smooth relationship's success.

One feature was that the father meticulously planned the son's transition. The father opted for UBS's comprehensive training program before integrating the son into their team. Despite the challenges posed by the COVID-19 pandemic, the father-son duo navigated through, leveraging the son's talents to cater to a diverse clientele, particularly in the realms of professional sports and entertainment.

The son's affinity for athletics and music and his father's experience opened doors to a niche market segment. Their success in servicing professional athletes and entertainers expanded their business and laid the groundwork for a future transition plan.

That plan involves a multi-generational vision, with future family members following suit.

Financial Advisor Transitions consults advisors nationwide to explore employment transition options and to preserve and protect their practice in any transition that they make.