Demographic time bomb set to hit financial advice industry
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The country’s advisors are retiring, along with their baby boomer cohorts, exactly when those clients need advisors' services the most.
Nearly 40 percent of financial advisors are expected to retire in the next decade, and the replacement rate is not keeping up.
Based on those simple facts, it’s plain to see the wealth management industry is on the cusp of a demographic nightmare.
Compounding the problem, says Sandy Herzlic
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