Transcription of nakgjk - EY
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nakgjk - EY
The next generation of financial advisors Growing the next generation of financial advisors: securing talent for a new millennium The wealth management industry is facing one of its greatest challenges in decades FA age distribution as demographic and cultural shifts are simultaneously increasing the demand for investment services and thinning the ranks of qualified financial advisors. The 5%. retirement of the baby boomers has driven the need for wealth management and will 22%. contribute to the 32% growth the industry is expected to experience over the next 17%. decade. However, the simultaneous aging and retirement of financial advisors (FAs). has reduced the number ready to service that growth by over the last decade. Ages <30. Ages 30 39. Firms that want to keep pace with industry growth and serve the baby boomers and Ages 40 49.
4 | The next generation of nancial advisors Topic area Driver Trend Cater to younger FA priorities Firms must understand and cater to the priorities, values
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