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.
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.
Get the best of CNBC in your inbox
Louis Barajas is founder and CEO of Wealth Management LAB, a fee-only firm specializing in the entertainment industry.
Sophia Bera, founder of Gen Y Planning, has been named one of '10 Young Advisors to Watch.'
Douglas Boneparth is president of Bone Fide Wealth, a Manhattan-based wealth management firm focusing on millennials, young professionals and entrepreneurs.
A globe-trotting look at the world of investing, from developed Europe and Asia trends to the least-traveled frontier markets.
Coverage of the World Economic Forum’s annual meeting in Davos, Switzerland.
Unlock the keys to building a successful long-term financial plan: manage your money, grow your money, and protect it.
About 3,500 federally backed mortgage loans per business day could face processing delays.
Thanks to social media and the internet, anyone can pass themselves off as a financial expert.
Bitcoin isn't new but the risks are not, so the same breakdown between risk and reward plaguing any investors apply.