With 50% of Financial Advisors over 55, financial services are casting nets for younger pros. It’s no secret the investment industry has a choppy record in attracting young financial talent, but with 100,000 brokers retiring in the next ten years and half the industry talent age 55 or higher, some industry titans have had enough and are actively recruiting much younger advisors. The results though, aren’t promising so far. I need help with identifying why the financial advisory sector has trouble attracting top young talent. Do you agree or disagree with that sentiment? Why or why not? And what can the industry do to lure young talent?
“Aging” Financial Advisor Industry Seeks Fountain of Youth, to No Avail?