5 Steps to Take When Your Financial Advisor Retires

If you’ve received a letter or phone call about your financial advisor retiring, you may be scratching your head, thinking, “What do I do next?” For the last several years, the number of financial advisors has steadily been decreasing. In 2008, there were roughly 325,000 financial advisors. By 2014, that number decreased to roughly 285,000. Financial Advisors are Retiring With one-third of advisors falling between the ages of 55 and 64, the mass exodus is understandable. Not only are they nearing retirement age, but their departure could also be attributed to the new rules handed down by the Department of Labor and FINRA. It’s possible they just don’t want to take the time and… Read More

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