From Financial Advisor IQ
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Summary: The recruiting crisis in the financial-advice industry isn’t fueled by disdain so much as by ignorance, says Fidelity Investments. After the fund manager surveyed nearly 800 recent college grads and young professionals, it concluded that the talent shortage is due to a lack of awareness about the profession, not to a lack of interest. In fact, only 20% of those polled had even a rough sense of what advisors do.
From Financial Advisor Magazine
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Summary: When we looked at the data from the latest compensation survey produced here at the Ensemble Practice LLC, we found that the second most common job in the advisory industry is “CEO.” Nearly every firm in the survey had a CEO. Yet when we speak with the partners (owners) of advisory firms, most tell us that there are very few “real” CEOs in the industry.
From wealthmanagement.com
Added on October 2014 in Join an RIA
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Summary: Nearly half of advisors (49 percent) said working at a smaller company was the important reason in choosing to work for an RIA, the Schwab study found. This is even higher among younger respondents, with 68 percent of FAs under 40 saying they want to work for a smaller company.
From Think Advisor
Added on October 2014 in Other Ideas
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Summary: Multiple studies have found millennials, the generation born after 1980, tend to be pretty conservative when it comes to investing. A March study by the FINRA Foundation found just 25% of millennials consider themselves risk takers, while a survey from MFS in February called those “recession babies” a “lost generation of investors.”
From InvestmentNews
Added on October 2014 in Other Ideas
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Summary: INFOGRAPHIC: Survey results draw lines between the generations of advisers
