As the financial services industry evolves, a major shift is happening behind the scenes — a large portion of financial advisors are approaching retirement.
According to research cited by Barron’s, The Daily Upside, and McKinsey & Company, about 38% of financial advisors are expected to retire within the next 10 years — roughly 110,000 advisors.
Even more significant:
📊 Those advisors currently manage about 42% of the industry’s assets.
For investors, retirees, and those approaching retirement, this trend raises an important question:
Who will manage and protect those assets when these advisors retire?
The Coming “Advisor Succession” Challenge
Many investors build decades-long relationships with their financial advisors. When those advisors retire, clients may suddenly find themselves:
- Assigned to a new advisor they’ve never met
- Moved to a larger institution or call center
- Transitioned into a different investment philosophy
- Or left searching for a new advisor entirely
For people nearing retirement, this transition can create uncertainty at exactly the time when financial stability matters most.
Retirement planning today involves far more than simply investing money. It requires coordination between:
- Investment strategy
- Retirement income planning
- Tax strategy
- Social Security timing
- Medicare planning and IRMAA management
- Estate and legacy planning
When an advisor retires without a clear succession plan, clients often lose that coordinated guidance.
Stability Matters When Choosing a Financial Advisor
When choosing a financial advisor, it’s important to consider not only investment expertise, but also long-term continuity.
Many clients want to work with a professional who plans to serve their needs not just today, but for many years into the future.
That stability allows advisors to:
- Understand clients’ long-term goals
- Help guide major life transitions
- Build trust over time
- Provide consistent strategy through different market cycles
For people approaching retirement, consistency and long-term planning can be just as important as portfolio performance.
Fiduciary Financial Planning in DuBois, Pennsylvania
For investors in DuBois and surrounding communities, Joe Zappia, III, CRPC®, of Venn Financial Solutions, has spent more than 20 years helping individuals and families protect and grow their money.
Joe works with clients throughout:
- DuBois
- St. Marys
- Ridgway
- Johnsonburg
- Clearfield
- Curwensville
- Brookville
- Punxsutawney
- Clarion
- Altoona
- State College
- Johnstown
- Indiana, PA
As a fiduciary financial advisor, Joe is required to act in the client’s best interest at all times.
Experience You Can Count On
At Venn Financial Solutions, the advisory team brings 65+ years of combined industry experience, focusing on both pre-retirement and post-retirement planning.
Their planning approach addresses many of the issues retirees face, including:
- Asset management
- Retirement income strategy
- Tax-efficient withdrawals
- Estate and legacy planning
- Risk management and market volatility
Unlike many advisory firms that follow a single strategy, the firm utilizes both:
Strategic Money Management
Long-term investment strategies designed to grow wealth over time.
Active (Tactical) Money Management
Portfolio adjustments designed to respond to changing market conditions. When markets decline, portfolios can shift toward safer positions to help reduce losses, then reposition as markets recover.
This flexible approach helps clients navigate market volatility while staying focused on long-term financial goals.
Low-Cost, Long-Term Investment Philosophy
Another key focus at Venn Financial Solutions is keeping investment fees and expenses low whenever possible.
Instead of operating as a transactional business, the firm prioritizes long-term relationships with clients.
That means:
- Personalized financial strategies
- Ongoing guidance through life changes
- Regular portfolio reviews
- Clear communication and transparency
For many clients, their advisor becomes a long-term partner in their financial journey.
Recognized by the Local Community
Venn Financial Solutions has also received recognition from the local community for its commitment to financial planning.
🏆 2024 Readers’ Choice Award for Financial Planning – Tri-County Weekend Newspaper
🥇 Best Financial Planners – Best of Tri-County
- Gold: 2021, 2023, 2024, 2025
- Silver: 2022
These honors reflect the trust that many families across the region have placed in the firm.
The Bottom Line
With tens of thousands of financial advisors expected to retire over the next decade, investors may soon face significant changes in the advisory landscape.
For those approaching retirement, it’s important to work with a financial professional who offers:
✔ Long-term stability
✔ Fiduciary responsibility
✔ Coordinated retirement planning
✔ Experience navigating market cycles
Planning ahead can help ensure that your financial strategy continues to support your retirement goals — no matter how the industry changes.
📍 Joe Zappia, III, CRPC® & Team
Venn Financial Solutions – DuBois, Pennsylvania
Serving clients in DuBois, St. Marys, Ridgway, Johnsonburg, Clearfield, Curwensville, Brookville, Punxsutawney, Clarion, Altoona, State College, and Indiana, PA.
📞 1-800-569-2867
We engineer retirement income.
