What Happens to You When Your Financial Adviser Retires?
Fresh out of college, I entered the financial planning industry. In the first few years, like those who had come before me, I often heard age-based objections. Why would I trust a 22-year-old with my life savings?
In the last few years as I've entered my 30s, I have seen a shift: A lot of people want to hire me because their adviser has, or is about to, retire. This change of heart reflects some rather sobering numbers. According to researcher Cerulli Associates, the average financial adviser in the United States is 51. Thirty-eight percent of advisers expect to retire within 10 years,
