TerraWealth Equips Financial Advisors With Succession Planning Tools
It’s a fact that in today’s economic climate, thinking about our financial future seems more important than ever before.
Let’s face it, we aren’t all financial experts and would benefit from advisors who we can trust with our financial decisions like setting up wills and trust to safeguard against unexpected life events.
Trusting in a financial advisor is a great game plan but what happens when your advisor is closer to retirement themselves than you?
A Cerulli study indicates that nearly 40% of U.S. financial advisors are planning to retire by 2030. The succession planning scenario is even more critical.
Many advisors assume they will be able to slowly transition their clients to other advisors over time. For clients, this means they may be left in limbo.
This can result in clients engaging with new advisors who can potentially stray far from the original, carefully tailored financial plans.
TerraWealth aims to address this challenge by building succession planning into their platform alongside tech-forward tools and nearly unlimited product offerings. TerraWealth is a company built by advisors for advisors so they can serve their clients better.