 Three to five years is an ideal time period to establish to get the next generation fit to give financial advice."Craig Pfeiffer, the founder and chief executive of Advisors Ahead LLC. |
Small Firms Try to Fill Adviser Shortage
Matthias Rieker | Wall Street Journal, November 2013
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Summary: Pershing and FA Insight, a Tacoma, Wash., research and consulting firm, estimates that the industry needs 237,000 new advisers within the next 10 years to keep pace with market demand as well as replace those retiring. An average of about $850 billion in new investable assets will come available each year over the next decade.
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