It's not just your clients who are getting ready for retirement — it's your colleagues, too.
According to Boston-based consulting firm Cerulli Associates, 36 percent of brokers at the end of 2009 were age 55 or older — a percentage that has been increasing over the past few decades. Meanwhile, the total number of financial advisors in the U.S. slipped 1 percent to 334,000 between 2004 and 2009.
If this trend keeps up, demand for retirement advisors could far outweigh supply. If that happens, what does it mean for the future of the retirement industry — and is there any way to prevent it?
Continue Reading for Free
Register and gain access to:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
