Succession planning requires a plan
Bring on a junior adviser at least five to seven years prior to retirement, to give both the adviser and clients time to acclimate to the role and those important relationships.
Succession planning is becoming an increasingly important and timely topic in the financial services space. An estimated 111,500 advisers will retire over the next 10 years, representing more than one-third of the advice industry’s workforce and assets. Robust recruiting, retention strategies and
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