Financial advisors need a succession plan to benefit clients and their own firm

Financial advisors need a succession plan to benefit clients and their own firm

kupicoo | E+ | Getty Images

The aging army of independent registered investment advisors who have spearheaded the growth of the financial planning profession need to follow their own advice when it comes to their businesses — for their clients’ sake, as well as their own.

With the average age of financial advisors somewhere in their mid-50s and a big bulge of advisors now in their 60s…

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