Rick Robertson | Planning ahead: Some day, your financial adviser will retire

Planning for your own retirement is a common occurrence, but don't forget that one day your financial adviser will retire, too.

Many of Canada's money managers have spent years building trust with their client base. When it comes time to retire, they need to recruit replacements that their clients will be happy with. Some investors can struggle with the transition to someone new, especially after years of discussing their finances with their retiring adviser.

In The Globe and Mail, Ivey Associate Professor Rick Robertson says it's a difficult transition, but a necessary one. He encourages investors to be proactive and ask their money managers about their success plans early on.

“Talking about money is probably more intimidating than talking about sex,” for some investors, says Robertson. “There’s a massive amount of trust involved.”