‘Retire in place’ doesn’t cut it as a succession plan
If advisers spend less and less time on their practice, how competent will they remain as a financial adviser?
It has become apparent to me that the succession plan of many older advisers is simply to retire in place.
To achieve this, advisers basically stop working full-time, place all (or most) client assets in fee-based accounts, strip out as many expenses as possible, come into the office less and less,
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