A large number of financial advisors feel stuck in their job, presenting a major challenge to many managers who face a looming advisor shortage and a limited pool of prospects, according to Rainmaker Thinking.
The workplace consultancy recently surveyed 41,000 professionals (6,000 of them from the financial services industry) and found that 46 percent felt "stuck" in their current job, and had for at least the past year. Twenty-five percent said they have felt that way for more than three years.
CEO Bruce Tulgan said that financial advisors involved in the survey were most likely to see their earnings negatively affected during the Great Recession, which contributed to higher levels of dissatisfaction and a "questioning of the career path."
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