For many people nearing or already in retirement, working with a financial advisor can seem like an essential step toward safeguarding their financial future. However, a growing number of older adults are encountering a surprising hurdle: some financial advisors simply refuse to take on clients over the age of 65. This may feel discriminatory on the surface, but there are deeper reasons, both practical and regulatory, that explain this trend. Understanding why some advisors shy away from older clients can empower you to better navigate your own retirement planning.
