Wills, Trusts & Estates Prof Blog

Editor: Gerry W. Beyer
Texas Tech Univ. School of Law

A Member of the Law Professor Blogs Network

Sunday, January 26, 2014

Important Profession Experiencing 'Brain Drain'

Lonely460x276

Retirees may be in trouble as the financial adviser profession dwindles. 

43% of financial advisers are over the age of 55 and close to retirement themselves.   Add this to the recent rate increases that pose a threat to the prices of bonds and mutual funds, and boomer clients approaching retirement may have trouble finding new advisers.  While many big advisory firms and brokerages are trying to pair newbies with veterans, the industry is still struggling to recruit new young advisers.

See Matthew Heimer, Adviser ‘Brain Drain’ Could Hurt Retirees, Market Watch, Jan. 21, 2014.

http://lawprofessors.typepad.com/trusts_estates_prof/2014/01/important-profession-experiencing-brain-drain.html

Current Affairs | Permalink

TrackBack URL for this entry:

http://www.typepad.com/services/trackback/6a00d8341bfae553ef01a3fc985959970b

Listed below are links to weblogs that reference Important Profession Experiencing 'Brain Drain':

Comments

Post a comment