Aug 6, 2019

InvestmentNews Article: Succession Planning Where the Advisor Keeps Working?

Seeing few other options, most advisors eventually just “retire in place.” But this not only hurts your clients, it can damage the reputation of your firm. Is there a better way? How about selling and continuing to work? The dizzying number of recent mergers and acquisitions suggests this is the future of our industry.

The article reads:

“We financial advisers are not a young group.

In fact, with an average age of 49, we’re part of one of the oldest workforces of any profession.

With so many principals nearing retirement, more’s being written about succession planning: Simply, established advisers need a plan to replace themselves once they retire, die or become disabled.”

Scott Hanson, Co-Founder, Allworth Financial

Click here to read the full article on InvestmentNews.