Financial advisers warned most heirs will fire or change them after inheriting wealth

Mark Battersby
clock • 2 min read

More than 70% of heirs are likely to fire or change financial advisers after inheriting their parents' wealth which hugely highlights the need to establish an intergenerational continuity plan to retain assets, according to the latest Cerulli Edge—U.S. Advisor Edition. This disconnect can become a significant wrench in any estate, said Cerulli, let alone for an adviser's business continuity. Advisory practices that have not already done so will need to shift their mindset and strategically engage their clients' spouses and children on a more regular basis. Chayce Horton, analyst, said...

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