Chia-Li Chien, PhD, CFP®, PMP®

Financial planning professionals (FPP) take a positive step toward succession planning when they provide business owners with a comprehensive financial plan. Recommending life insurance to minimize liabilities and provide for business continuity for business owner/operators is no substitute for such a plan. But succession means different things to different advisors. The three types of succession (employee, customer, investor) do not benefit equally from life insurance or other financial products. Also, personal, business and economic timing impact an owner’s ability to successfully exit from the business. FPPs should feel free to refer the clients to a succession planning specialist in the same manner as referring to an attorney or CPA to provide their clients with the best results.

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Chia-Li Chien

Assistant Professor and Director of Financial Planning Program at California Lutheran University School of Management

Chia-Li Chien, Ph.D., CFP®, PMP, is a Succession Strategist of Value Growth Institute, dedicated to helping private business owners increase the equity value of their firms. Dr. Chien is also Assistant Professor and Director of the Financial Planning Program at California Lutheran University. She is the award-winning author of the books "Show Me the Money" and "Work Toward Reward." Dr. Chien can be reached at jolly@chialichien.com.

Latest posts by Chia-Li Chien (see all)

• Do-over Exit? - May 14, 2019
• The Future of Financial Advising - April 24, 2019
• Show Your Love in Social Security Claiming - April 23, 2019

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