As part of the aging pattern of the financial-advice profession, an estimated 37% of financial advisers plan to retire within the next 10 years.
Those 110,000 advisers headed toward transition are responsible for more than $5.8 trillion in investor assets.
Perhaps most surprising is that at least 37% of those advisers don’t yet have a formal business succession plan in place.
Click through to find out exactly how advisers are handling their succession plans.
(Source: Cerulli Associates)