Summary: According to a report by Cerulli Associates last year, only 11% of advisors at RIAs are under the age of 35, and almost half (47%) of advisors at these firms are over 55. That explains why the current generation of leaders in the profession continues to wring their hands over the scarcity of new advisors, prompting some to view it as a crisis.
 We’re seeing the industry change from one where everybody has to look and sound and act a certain way. Now people are being allowed to show their individuality so they can attract the people they would naturally attract."Tim Maurer, Buckingham Asset Management |
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