Most advisers already have CRPs without the label - research

The research, based on a survey of more than 220 financial advice professionals from NextWealth sponsored by Brooks Macdonald, showed that 56% of advisers report having a formal CRP, and far higher proportions of advisers already have key elements of a consistent retirement approach in place. Additionally, the survey found 83% of financial advisers have a consistent method for assessing client risk in retirement while 79% have an agreed review cadence for retirement clients. Meanwhile, 76% have a documented approach to assessing retirement income. These findings suggest many firms ...