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Tips on how to prepare your insurance agency succession plan

A new report from Cerulli Associates explains what advisors contemplating retirement need to do to groom their successors.

By Bernice Napach | Updated on March 09, 2018

Respect your youngers and get ready for the next generation of advisors.

Those are two key messages for financial advisors contemplating retirement that are included in a new report from Cerulli Associates.

“As a critical succession cliff approaches and aging advisors begin retiring in greater numbers, younger advisors and candidates will increasingly wield stronger leverage,” states research analyst Marina Shtyrkov, one of the authors of the report. “Firms will need to take their preferences into serious consideration because this next generation will ultimately shape the financial advice business.”

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