Need perpetuation help? OIA to launch agency valuation services in 2018

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With a median agency principal age of 59 years in Ohio, it’s time to buckle up and ride the wave of ownership change coming down the pike in the next five to 10 years.

Agency Owner Age: Frequency Distribution graph dataTo ensure small- to mid-sized retail agency owners are empowered with tools to make the best decisions when considering succession planning for their agency, OIA is building a robust offering of valuation and operational consulting services scheduled to roll out in 2018.

Craig Niess, business planning and valuation manager at OIA, will lead the initiatives.

“I’m excited about the opportunity to develop and manage the consulting practice within OIA and bring much needed services and solutions to Ohio’s independent agencies,” Niess says.

“In 2018, we want to offer high-quality business consulting to as many agencies as possible.”

Niess shares OIA’s passion for independent agents and the IA channel. He has more than seven years of financial and operational consulting experience with independent agents through his tenure at Marsh, Berry & Company.

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