A recent study has found that 58 percent of financial advisors don't have a written business plan, and 46 percent lack a retirement plan for themselves, despite 14 percent saying they plan to retire within 14 years.
What's that saying about shoemakers?
The study, the first to be produced by the new FPA Research and Practice Institute, attributes this gap to lack of time. Advisors, it says, are simply consumed with their normal tasks. Just as the busy shoemaker's children go without shoes, so do overworked financial advisors fail to plan for their own retirement security.
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
