Summary: Financial adviser headcount fell by 1.9% in 2013 to 287,119 advisers, according to the most recent data from Cerulli Associates. The research firm estimates about 5,500 advisers left the industry and were not replaced by new recruits, even as assets under management grew by 13% that year to $14 trillion.
 It’s not surprising that the number of advisers is down in the bank and brokerage channels because of the momentum of advisers moving to the independent space,. But it’s surprising that overall adviser headcount is down."Mindy Diamond, Diamond Consultants |
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