Roughly 44% of advisors are over the age of 50. There is a real need for more [because] many of them will be retiring over the next 10 years.”
Joseph Maugeri, managing director, Certified Financial Planner Board of Standards
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Summary: Now is the “golden age” for financial advisors, says Joseph Maugeri, a managing director at the Certified Financial Planner Board of Standards who’s charged with expanding the number of CFPs. Demand is growing as baby boomers prepare for retirement – about 10,000 retire every day – and others, including millennials, plan their futures while the supply of advisors is shrinking.
Roughly 44% of advisors are over the age of 50. There is a real need for more [because] many of them will be retiring over the next 10 years.”
Joseph Maugeri, managing director, Certified Financial Planner Board of Standards
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