The force of the financial advisory field will decline by 8 percent by year-end 2017, according to a new report.
Cerulli Associates discloses this finding in "Intermediary Distribution 2013: Product Distribution in a Shrinking Industry." The study focuses on financial products and distribution, including market-sizing, advisor product use and asset manager sales forces.
The report shows the number of advisors declining over the five-year period to 280,000 from 305,000, down 25,000.
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