What do you do when your financial advisor retires – someone you’ve entrusted with your life goals, your financial strategies, and so much more?
This not-often-broached topic is one we covered on the latest episode of “Navigating Life Transitions,” a podcast by JNBA® Financial Advisors. It’s such an important topic because these transitions can really take clients by surprise. The reality is that over a third of United States financial advisors plan to retire within the next 10 years, which Investment News noted in a January 2024 article.
So how do you make a succession plan to help keep momentum not only in your portfolio, but also with your financial life goals? This 23-minute episode offers a conversation between our host Kim Insley, Managing Director Cärin Viertel, and Director of Advisory Services and Senior Advisor Elise Huston that breaks down the questions you should be asking and how you can approach this transition if your advisor is talking about retirement.
Spoiler: This is one reason that a multi-generational team is so valuable to clients who benefit from continuity should anyone on their team retire. But we know that’s not the case for every advisor or advisory team. Cärin and Elise offer insights to turn what could be a stressful transition into a great opportunity.
“Navigating Life Transitions” is now in its second season and can be found on Apple Podcasts and Spotify. For those who prefer to watch podcast videos, you can also find this episode on YouTube. For more information, and access to all past episodes, visit jnbanavigatinglifetransitions.com.
Due to various factors, including changing market conditions and/or applicable laws, some of the content may no longer be reflective of current opinions or positions. Moreover, you should not assume that any discussion or information contained in this blog serves as the receipt of, or as a substitute for, personalized investment advice from JNBA Financial Advisors.
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