Edward Jones Warns of Retirement 'Tidal Wave' for Advisors

Financial advisors face a "tidal wave" of retirement, warns Edward Jones. A study found 59% of senior advisors expect to fully transition their practice within five years, but only 40% have documented a succession plan. Complexity and emotional difficulty in finding a trusted successor are cited as major hurdles. Advisors often delay planning, fearing finality and identity loss. The study surveyed 233 advisors between July 14 and 18.