The National Association of Personal Financial Advisors has entered into an agreement with consulting firm FP Transitions to help its members with succession planning.
A 2020 Cerulli study showed that of advisers who planned to retire by 2030, 26% were not sure of their succession plan.
FP Transitions has created a custom program for NAPFA through which the group’s fee-only planners receive an annual valuation report, an annual continuity plan with regular updates, priority access to practices for sale coupled with unlimited inquiries, and access to a community-based continuity matching program for NAPFA members only.
The firms also will provide one-on-one consulting to NAPFA members at the group’s fall conference in Denver in October, NAPFA said in a release.
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Pro-bitcoin professionals, however, say the cryptocurrency has ushered in change.
“LPL has evolved significantly over the last decade and still wants to scale up,” says one industry executive.
Survey findings from the Nationwide Retirement Institute offers pearls of planning wisdom from 60- to 65-year-olds, as well as insights into concerns.
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