A succession plan is vital to all, whether it's the firm's founder, the employees or the clients who have placed their trust with the firm.» Read More
When a company's top dog is famous, succession planning can be tricky. A look at 5 corporate icons who were, or will be, hard to replace.
Savvy financial advisory firms can become more successful by hiring and retaining the next generation of planners.
Investors need to ask advisors about their succession plan and how it impacts them in the event of unforeseen circumstances.
Financial advisors have shifted to fee-based relationships but, without successors, risk seeing their businesses dissolve when they retire.
The financial advice industry faces shortages, but colleges are launching degree programs in financial planning to fill the training gap.
An inability to attract young people is challenging a financial advisory industry facing a wave of advisor retirements in the next two decades.
Succession planning isn't easy for financial advisors. It takes a long time—five to 10 years—and it's emotional and messy. But it's also critical.
As aging advisors retire and few young replacements enter the industry, FAs without succession plans put their retirement, and clients, at risk.
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Mistakes retirees make in claiming Social Security include taking benefits too soon and deferring tax deferrals.
Reverse mortgages can help turn home equity into cash but carries risks, depending on health and financial stability.
Pending June's Supreme Court ruling on gay marriage, married same-sex couples face challenges due to uneven state laws.
The government has appointed Comerica as administrator for Obama's myRA plan, but no private employers have signed up.
Most advisors see the reverse mortgage as an ill-advised last resort, but others say it can be useful for seniors.