Change in the financial industry happens slowly. Or more to the point, it usually happens only after long periods of the status quo. And only after something makes a change absolutely necessary.

Sometimes that something can simply be a public outcry reaching a fever pitch. One issue that banks and bank advisors are certainly talking about succession planning, although it hasn't yet reached a fever pitch. I believe it will in a few years but only once a concrete business reason forces the issue. Until then, we'll have a few years of the status quo.

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