Viewpoints
How rising G2 leaders can position themselves for a successful succession
Andrew Foerch / Mar 17, 2025
Constellation Wealth Capital’s Lisa Crafford and Summit Financial’s Ed Friedman talked about setting yourself up for succession success at Future Proof’s Citywide conference in Miami Beach on Monday.
MIAMI – Wealth management industry analysts often talk about succession planning as it pertains to founders or first-generation executives, particularly their ability to either monetize their equity or preserve their business’s culture and identity. But what about the younger, second-generation leaders that stand to take on ownership and operational control of the business?
During a Monday panel at Future Proof’s Citywide conference on the wind-swept shores of Miami Beach, Constellation Wealth Capital managing director and head of advisory Lisa Crafford and Summit Financial director of business development and growth Ed Friedman discussed the other side of the proverbial coin.
Crafford warned that prospective G2 leaders need to be careful to not make any assumptions before a transition actually occurs.
‘You may think that you are the successor. You may think that buying into the partnership can be done, let’s say, over time, but it may not align with what the owner of the firm is looking...
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