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Summary: Much has been made of the crisis facing the financial adviser industry as aging advisers exit and the industry searches for younger advisers to step in. According to the latest from Cerulli Associates Inc., over 100,000 advisers are projected to leave in the next ten years — a full third of the industry. Just like in every industry, there is a natural evolution of growth, maturity and then a disruption or tipping point, often caused by technology, that transforms it to take on a different shape and direction.
 The absolute good news story for the industry is that for advisers who go above and beyond the basics of investing to provide comprehensive financial planning and wealth management, those skills, knowledge and experience will be needed and in high demand."Timothy Welsh, president and founder, Nexus Strategy. |
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