Tim Sargisson: Is financial planning facing a succession crisis?

Three shifts in sector

clock • 3 min read

Advisers may be currently retiring faster than they are being replaced but, writes Tim Sargisson, could the real issue for the future of the profession relate more to profitability than succession planning?

The start of another year and, straight off the bat, the opportunity to attend The Investment Network conference and to share some of the work Sandringham is doing on succession planning and retirement. Our need to focus on this area is the result of three shifts we are seeing in our profession. First, aging advisers who want to retire and to realise a value from the client relationships and assets under influence. Second, a real need to attract and develop a younger generation of advisers who are looking to enter the financial planning profession and build a career. And, finally, the...

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