Aging-Out Advisors Create An Experience Gap
April 26, 2016 by Brian O'Connell
There’s an “experience gap” brewing in the financial advisory sector, as about 33 percent of all financial advisors are expected to retire in the next decade.
Meanwhile, 43 percent of all U.S.-based stockholders are 55 years old or older, according to On Wall Street.
While all that should change the face of the advisory industry, there’s a great opportunity for younger financial services professionals to step up, land bigger clients, cut better deals, and increase their visibility at their financial advisory firms.
The Moneta Group, a financial services firm based in Clayton, Mo., is already taking aggressive steps to creating its own firm-wide succession plan that paves the way for younger advisors. Click HERE to view the full article
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