Summary: The academic community is doing its part to fill the growing need for more financial advisors. With numerous studies suggesting there could be an acute shortage of financial advisors as the baby boomer generation of advisors retires from the industry, universities and colleges are launching new financial-planning programs and educating more students specifically for a career as a financial advisor.
 At the end of the day, however, the colleges and universities will be only a part of the solution to the industry's looming labor shortage. "We're not going to get all the advisors we need from the universities. But if we don't prepare a new way for young people to enter the profession, we won't have a profession."
Deena Katz, professor in the financial planning department, Texas Tech University
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