Filed Under:Your Practice, Practice Management

Many advisors don’t have a business or retirement plan

Close to 50 percent of financial advisors do not have a retirement plan for themselves.
Close to 50 percent of financial advisors do not have a retirement plan for themselves.

Half of financial advisors do not have a written business plan. Of those that do, large firms are more likely than small practices to have one.

These findings, among others, are unveiled in a new report from the Financial Planning Association, “The Future of Practice Management.” The study polled nearly 2,400 financial service professionals to probe them about current and future trends related to managing and growth of an advisory practice.

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Nichole Morford

Nichole Morford
Managing Editor

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