CEO Shirl Penney expects his independent advisor services platform to reach its goal by Independence Day of next year, and he still has plans to take the company public.
Prospera Financial Services has formalized its suite of succession planning resources to help older advisors monetize their businesses and younger advisors acquire practices or become successors.
The new program was developed in collaboration with retirement services provider Empower, and should be available “within the next quarter or two.”
Financial firms are continuing to reduce headcount in response to mounting economic and geopolitical uncertainties, higher rates and a slower pace of dealmaking.
Saas veteran Dan Zitting will succeed Klein on Dec. 4, in a change that had been in the works for several months.
