 The independent channels are most at risk because they have the oldest advisors on average.”Kenton Shirk, associate director at Cerulli. |
43% of Advisors Older Than 55: Cerulli
Melanie Waddell | Think Advisor, January 2014
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Summary: Nearly half of the advisor work force is at or near retirement, which means more firms must recruit younger advisors to accelerate their succession plans, and also puts BDs and custodians at risk of losing assets under management, according to a just-released study by Cerulli Associates.
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