 We've extended the runway. It takes longer to establish relationships and open accounts than it did in the 1980s and 1990s.”Mr. Robert Patrick, director of private-client-group education and development at Raymond James. |
A talent shortage looms as the industry booms
Mark Schoeff Jr. | Investment News, April 2012
Read the article online >
Summary: The profound demographic trend that is boosting demand for investment advice — the millions of baby boomers retiring or planning their retirement — also is threatening the financial advisory sector with a talent shortage.
A 2011 survey by Cerulli Associates Inc. showed that 22% of advisers were below 40 and only 5% were younger than 30. The average age of advisers was 49.6, up one year from 2010. The average for wirehouse advisers was 50.6.
Be the first to comment on this Article
