Too Many Financial Advisers 'Die with Their Boots On'

A new proposed fiduciary conduct standard would require financial advisers to treat their customers and clients with "utmost care and loyalty." But what does that actually mean, especially in the context of a rapidly aging financial services industry with many advisers inclined to "die with their boots on" rather than retire?

Reluctant retirees work well past 65

Although the average financial adviser is 58 years old, only about 30% have established formal business succession plans. Some say that given the nature of the work, many advisers can work well past typical retirement age, nurturing client relationships with long lunches