Facing Our Profession's Transition

Adkins, Rick
July 2007
Journal of Financial Planning;Jul2007, Vol. 20 Issue 7, p30
Academic Journal
The author talks about the age of the average Certified Financial Planner (CFP). He talks about client-professional relationships and how when the relationship ends, whether through death, retirement, relocation, or a shift in business conditions, that it can be difficult if not impossible to recreate that professional relationship with someone else. The author comments on the growing number of CFP certificants who are older than 50 years old and states that in 10 to 20 years a large number of these CFPs will be retiring or have died. He talks about the need to find solutions to preserve and protect client-professional relationships over the course of multiple accountants rather than between individuals.


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