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.
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.
If you don't know exactly how you are paying for financial advice, you could be in for some unpleasant surprises. Here's how to tell if your advisor is really looking out for your best interests.
It’s very important for families to assess and handle financial issues to avoid arguments that could lead to bigger problems down the road.
Robotics and automation advancements will be necessary in a post-tariff marketplace, and that flood of investments should give a healthy boost to the sector.