Asset managers and exchange traded fund financial advisors should begin to think about where their businesses are heading as they enter their golden years.
ETF Trends’ Tom Lydon recently sat down with Todd Clarke, CEO of CLS Investments, to look at ways financial advisors can modify their businesses as they begin to plan out a beach side retirement alongside their clients.
“There are individuals that enjoy managing portfolios – they use ETFs as well, but eventually, they’re going to pass on and they need to have a back-up plan for their heirs,” Clarke said. “The same holds true for advisors.”
Consequently, more advisors are beginning to look at succession planning.