What happens if your financial advisor retires? Can you be confident your investments and retirement plan will stay on track? Why do so few advisors plan ahead? What should you be asking now to avoid costly surprises later? These are the questions we answer in today’s episode.

Hosts Keith Matthews and Lawrence Greenberg dive into a crucial but often overlooked challenge for Canadian investors: advisor succession planning. You’ll get a clear breakdown of why so few advisors have a transition plan in place, what happens when they don’t, and how to protect yourself from service disruptions. The hosts share Tulett Matthews & Associates succession strategy and provide a checklist of actionable questions every investor should ask their advisory team.

This episode is a must-listen for anyone approaching retirement or depending on a financial advisor for multi-decade guidance. Whether you’re worried about losing continuity, want to avoid the stress of change, or simply want to make sure your hard-earned assets are looked after, you’ll walk away more empowered and better prepared. Tune in to get straightforward advice and ask the right questions before it’s too late.

Key Topics:

● Why advisor succession is a growing concern for investors (0:55)

● The surprising shortage of formal succession plans among Canadian advisors (3:05)

● Average age and retirement timelines for industry professionals (3:26)

● How investor surveys reveal major worries about advisor retirements (3:56)

● What happens when your advisor retires or leaves suddenly (5:30)

● Risks of losing investment philosophy or quality service in transitions (5:59)

● Common reasons advisors don’t create timely succession strategies (6:22)

● The financial, mentoring, and training hurdles to building a strong advisory team (7:00)

● How coasting and semi-retirement can erode client service (8:07)

● Real-life case study: building a multi-decade succession plan at Tulett, Matthews & Associates (8:46)

● Lessons learned from navigating health scares and planning for continuity (10:33)

● Designing a client-centered team: hiring, training, and mentoring next-gen advisors (11:23)

● The importance of consistent investment and planning philosophies (12:24)

● Building a multi-generational advisory firm vs. Solo practitioners (13:07)

● Communicating succession plans proactively with clients (13:15)

● How team processes and departments improve service quality and continuity (14:02)

● Keys to successful transition: early communication, multi-year handoffs, shared philosophy (16:30)

● Must-ask questions for your advisory team about retirement and succession (18:02)

● How to assess your advisor’s plan and protect yourself as a client (18:43)

● The long-term benefits of choosing a firm with a real succession strategy (19:20)

● Quick recap of actionable lessons and advice (20:01)

And much more!

Mentioned in this Episode:

● Tulett,Matthews & Associates

Thanks for Listening!

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