What To Do When Your Financial Advisor Retires: A Step-by-Step Guide

PennyGem’s Elizabeth Keatinge tells us what to do if your financial advisor retires before you.

Transcript

00:00you have a great plan for your future and you love your financial advisor who's leading the

00:09way but wait this wasn't in the plan your financial advisor retires before you now you need um another

00:15plan experts tell the new york times that you need to ask your financial advisor their succession

00:20plans if there's no next generation of advisors around they're not doing their jobs they're not

00:25protecting the client rudiger adolf founder and chief executive of focus financial partners tells

00:30the paper if your advisor has started passing you off to a younger associate don't worry that

00:35may be in your best interest according to market watch you should expect your advisor to groom

00:39younger associates to play a larger role and serve you and your family for years according to kiplinger

00:4573 of advisors don't have a succession plan 32 of them are within 10 years of retirement so ask the

00:52hard questions and find out what the plan is it's your money and your life