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Ep 90: Why Succession Is the Ultimate Fiduciary Act
Ep 90: Why Succession Is the Ultimate Fiduciary Act
In this episode of Financial Advisors Want to Know, Tyson Ray, CFP®, founder of Form Wealth and author of Total Succession, joins Catherine Tindall, CPA, to discuss why succession planning is one of the most important acts of stewardship an advisor can take. With his framework for creating "SPACE," Tyson helps advisors start preparing for a meaningful and values-aligned transition—whether they're thinking about stepping back in 5 years or simply want to create optionality for the future.This conversation reframes succession as a purpose-driven process, not a deadline—and offers practical ways to begin planning without overwhelm.
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Episode 90: Why Succession Is the Ultimate Fiduciary Act
Guest: Tyson Ray
Episode Overview
In this episode of Financial Advisors Want to Know, Tyson Ray, CFP®, founder of Form Wealth and author of Total Succession, joins Catherine Tindall, CPA, to discuss why succession planning is one of the most important acts of stewardship an advisor can take. With his framework for creating "SPACE," Tyson helps advisors start preparing for a meaningful and values-aligned transition—whether they're thinking about stepping back in 5 years or simply want to create optionality for the future.
This conversation reframes succession as a purpose-driven process, not a deadline—and offers practical ways to begin planning without overwhelm.
5 Key Takeaways
Succession Is the Ultimate Fiduciary Act
It’s not just about cashing out—it’s about leaving your clients, team, and legacy better off. Advisors owe it to the people they serve to exit responsibly.
Start Early and Make SPACE
The biggest obstacle to succession is waiting too long. Small steps—like defining your future vision—create the SPACE needed for meaningful planning.
Your Plan Should Fit Your Fingerprint
There is no cookie-cutter solution. Your exit strategy should reflect your firm’s values, culture, structure, and goals—not someone else’s.
Don’t Confuse Busy with Ready
Advisors often delay planning because they’re “too busy.” But waiting for a crisis or burnout limits your options and can hurt your outcomes.
Exiting Doesn’t Mean Ending
Succession isn’t about disappearing—it’s about redefining your role. You can stay involved as a consultant, mentor, or part-time leader if you plan it right.
Links & Resources
Connect with Tyson Ray
- LinkedIn: https://www.linkedin.com/in/tysonray
- Website: https://formwealth.com/tyson-ray
- Total Succession: https://totalsuccession.com
- Book on Amazon: Total Succession by Tyson Ray
Connect with Catherine Tindall
- LinkedIn: https://www.linkedin.com/in/ctindallcpa/
- Website: https://dominionEs.com
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Contact the Team
- Email: admin@dominiones.com
