Cerulli Associates' research shows that individuals nearing retirement (within a five-year timeframe) increasingly rely on advisors who can provide comprehensive support services from national firms. 

Retirees become heavily dependent on those advisors, with the proportion of advisor-reliant households rising from 27% to 46% during the five years leading up to retirement. Furthermore, within a year of retirement, that percentage increases to 57%.

According to InvestmentNews, Cerulli recommends that individual client-facing advisors handle daily interactions with investors while a dedicated team of investment professionals takes care of implementation. Additionally, financial firms should emphasize their available support services and commitment to prioritizing clients' interests to boost market share.

Financial Advisor Transitions consults advisors nationwide to explore employment transition options and to preserve and protect their practice in any transition that they make.