 Only two in 10 college students and young professionals were familiar with the financial advisor profession, but after learning more about it, almost half indicated they would consider it."Fidelity® Recruiting Redefined Study. |
Recruiting the Next Generation of Advisors to Help Drive Succession Planning & Growth
Fidelity Investments | Think Advisor, September 2015
Read the article online >
Summary: The financial advisory profession is facing a looming talent shortage. According to Cerulli, 71% of the advisor population is over the age of 45, and the average advisor is 51½ years old. As these advisors reach retirement age, some 8,600 are expected to leave the profession every year for the next 13 years, thinning the ranks of advisors at a 2.7 percent annual clip. Unfortunately, for every eight advisors that retire, only three are trained to replace them.
Be the first to comment on this Article
