Advisors are ramping up their retirement income planning services as waves of Baby Boomers begin to retire, according to a new survey from LIMRA.
The study found that 75% of advisors who offer retirement income services to their clients said they had adjusted their business to do more retirement income planning over the past year. More than four in 10 (44%) said they introduced new retirement-related products or services, and 37% added more components to their financial planning or advice-giving capabilities. In addition, the study found that for four in 10 advisors, retirement planning constitutes half or more of their business activities.
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