Why the Time for Change Is Now There’s no question that the wealth management industry is facing a demographic cliff—and the urgency to prepare the next generation of advisors has never been greater. Consider these industry realities: 55 The average financial advisor is 55 years old. 40 Nearly 40% are over the age of 60.…

There are some very compelling statistics that confirm the critical importance of equipping new, “next generation” advisors to fill the talent gap the wealth management industry will be facing over the coming years. For example, look at some of the following statistics: 55 The average age of financial advisors 20% Number of financial advisors who…