Spouses divorce. Corporations rightsize. Museums deaccession works of art. But financial advisors - whether embarking on a broader pruning of their client list or parting ways with particularly troublesome customers - embark on a process of what is known as disengagement.
That's the word Kevin Bishopp, director of practice management at Russell Investments in Seattle, uses when he is guiding advisors through the tricky process of dropping clients who no longer fit well within an advisor's practice.
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