Too Many Financial Advisers 'Die with Their Boots On'

Does your financial adviser have a succession plan in place? Many don't, and that’s bad news for their clients. Here's what investors should do to protect themselves.

A new proposed fiduciary conduct standard would require financial advisers to treat their customers and clients with “utmost care and loyalty.” But what does that actually mean, especially in the context of a rapidly aging financial services industry with many advisers inclined to “die with their boots on” rather than retire?

Reluctant retirees work well past 65

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This article was written by and presents the views of our contributing adviser, not the Kiplinger editorial staff. You can check adviser records with the SEC or with FINRA.

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President and CEO, Trust Advisory Group

William H. McCance serves as the Chairman and President of TAG Group Inc. (, a diversified financial services company owning a broker dealer, a Registered Investment Adviser and an insurance GA.