Why Your Advisor Needs a Succession Plan Before They Retire

Episode 13 of The Financial Advisor Podcast with Fexingo explores what happens to clients when their financial advisor retires without a plan. Lucas and Luna walk through the real case of a 68-year-old RIA owner in Ohio who sold his practice to a roll-up firm, leaving clients with a new advisor they never met. They discuss the difference between internal succession (grooming a junior partner) and external sale (private equity or aggregator), what clients should ask their advisor right now, and why the CFP Board's new succession-planning requirement matters. Also, a quick look at the demographic cliff: over 40% of advisors are over 55, according to Cerulli Associates. Practical questions listeners can ask their own advisor this week. #FinancialAdvisor #RetirementPlanning #SuccessionPlanning #RIA #CFPBoard #CerulliAssociates #WealthManagement #AdvisorTransition #ClientRights #FiduciaryDuty #PrivateEquity #AdvisorAging #ClientProtection #FinancialPlanning #Finance #AdvisorClientRelationship #FexingoBusiness #BusinessPodcast Keep every episode free: buymeacoffee.com/fexingo