“Financial advisors spend their days helping clients plan for the ‘what ifs,’ but they seem to have little time left over to do the same for themselves.” A recent article in Financial Advisor Magazine recently pointed out that according to the Financial Planning Association, 73% of financial advisory firm owners do not have a succession plan in place. Even more concerning, 60% of firm owners who are only five years away from retirement don’t have a plan either! The article points out that you have options. One option is to bring on younger, strong people to take over when you
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