A recent study has found that 58 percent of financial advisors don't have a written business plan, and 46 percent lack a retirement plan for themselves, despite 14 percent saying they plan to retire within 14 years.

What's that saying about shoemakers?

The study, the first to be produced by the new FPA Research and Practice Institute, attributes this gap to lack of time. Advisors, it says, are simply consumed with their normal tasks. Just as the busy shoemaker's children go without shoes, so do overworked financial advisors fail to plan for their own retirement security.

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