Financial advisers often spend so much time and energy preparing their clients for retirement, that they're woefully blind to their own. Only around 20 percent of advisers -- at broker-dealers and independent firms -- have a written succession plan, even if they're near retirement, according to Advisor Impact, a Toronto-based consultant. "There are a lot of advisers who tell me that they expect the sale of their business to drive a lot of their wealth in retirement," said Julie Littlechild, president and founder of the firm, which has offices in New York, Toronto, and London.
Source
