Perpetuation for Independent Agents.
Pathways to Agency Ownership.
Perpetuation for Independent Agents.
Whether you are ready to retire and want to pass your agency down to the next owner, or you want to own an agency in the future, it takes proper planning to ensure a profitable and operationally sound transition. Most importantly, this transition takes time time for the incoming owner to build relationships, grow their leadership skills and operational knowledge but also time for the retiring insurance professional to share a legacy and growth strategies for many years to come. Be sure to bookmark this page as resources will continue to be updated.
Current Agency Owner: Succession Planning.
When you are swept up into day-to-day agency ownership, it may be hard to find time to plan for a profitable exit from your agency. While retirement may seem far away, a good sound plan takes years of preparation. From finding and opening the door for the new candidate to valuation and succession planning passing on your agency is hard, but so rewarding when done right.
Selling an Insurance Agency
You’ve owned an insurance agency for a while now, but you’re thinking it’s time to sell it so you can retire or pursue other interests.
4 Questions to Help You Decide If It’s Time to Sell Your Agency
With agency valuations at all-time highs, many independent agents are considering selling their agencies.
Time, Training & Tech: Perpetuation Planning in a Pandemic
Agency perpetuation planning has never been more challenging.
5 Perpetuation Lessons for a Head Start Today
Here are five lessons we’ve learned from over two decades in the insurance and compliance industry.
The Handoff: Setting Gen Y Up for Succession
Ross Richey has more than tripled his agency’s revenue, acquired three other firms and added a new location complete with a $1.5 million renovation—all before his 30th birthday.
Give Your Kids a Chance to Succeed
Parents are always parents and most parents never stop worrying about their children. Such worry, though, sometimes robs children of their success and happiness.
Who’s Going to Fill Your Shoes?
You’re the 65-year-old owner of an independent agency. None of your kids or grandkids want to take the reins—and yet, you haven’t laid any plans anticipating a major agency ownership change at some point in the next three years.
Death in an Agency
One of the absolutely worst situations I absolutely dread is when I have to tell a family the agency is not worth anything near what the recently passed relative (usually the father) told them it was worth.
What’s New.
Not Your Father’s Agency
Something is happening out there in the independent agency world—and it’s not what you might think. With so many older principals selling to large aggregators, you might wonder if the independent agency system is on the ropes.
Home Grown: Cultivate Your Agency’s Next Leaders with ‘Perpeducation’
For Sarah Brown, president and CEO of Keller-Brown Insurance Services in Shrewsbury, Pennsylvania, and her parents, Joy Keller-Brown and Jeff Brown, perpetuation was a carefully planned and executed process.
Resources
Whether you want to broaden your insurance knowledge to reduce risk, create a more inclusive agency culture, hone your marketing prowess or master your niche, the right education can get you there.
Understanding Your Agency & Personnel Management.
Growth Potential & Benchmarks
The Best Practices report is released annually. The most current release is the 2024 Best Practices Study Update.
Valuation
Improperly valuing an agency for sale or purchase can cost hundreds of thousands of dollars.
Future Talent
Where will the next generation of employees come from?
Diversity
Discover opportunities and benefits of embracing diversity.
Big “I” Hires
In order to grow your agency and be successful, find the right talent to make your vision a reality.
Invest Internships
Cultivate your workforce and breakthrough staffing challenges with strategic use of interns.
Future Agency Owners: A Pathway to Ownership.
Need More Help? Consultants & Resources.
Share your agency goals and benefit from financing and web resources. InsurBanc understands independent agents and their business.
Crafting a thorough, seamless perpetuation plan requires expert guidance. Benefit from knowledge of and experience with perpetuation methods provided by the Reagan Consulting team.
Burand & Associates, LLC can help position your agency for a better future with education, info and insights.
Custom leadership guidance, generational integration, new glass ceiling and Agency CFO program. RD Advisory Group offer candid conversations and want to play a vital role in helping an agency grow and prosper.
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