In the next few years, we predict ...

40 Under 40 alumni share their thoughts on where they see the financial advice industry going

Jun 22, 2019 @ 6:00 am

By InvestmentNews

40 Under 40 alumni at the Future of Our Business event in New York in May shared their predictions about the future of financial advice over the next three to five years.

Grant Webster, lead adviser, Dowling and Yahnke, Class of 2019

"The average age of financial advisers will finally fall below the age of 50."

Taylor Schulte, founder, Define Financial, Class of 2016

"Within five years, the industry will become a profession. High-value/high-touch planners in this new professional environment will not experience fee compression. And the 1% AUM fee isn't around anymore."

Julia M. Carlson, founder and CEO Financial Freedom Wealth Management Group, Class of 2014

"I will have a subscription model to serve entrepreneurs and freelancers nationwide."

Kate Hammer, director of development and communications, Foundation for Financial Planning. Class of 2018

"The next generation of the financial advice profession will embrace pro bono work as an integral aspect of their business."

"The solo adviser business model will continue to shrink as a percentage of total financial advisers. And teams and ensembles will continue to grow."

"Therapy will be a part of most financial planning processes."

"Amazon, Google or Apple will enter the financial services market."

"The next recession will cause more consolidation in the industry and more advisers will retire."


What do you think?

View comments

Recommended next


Hi! Glad you're here and we hope you like all the great work we do here at InvestmentNews. But what we do is expensive and is funded in part by our sponsors. So won't you show our sponsors a little love by whitelisting It'll help us continue to serve you.

Yes, show me how to whitelist

Ad blocker detected. Please whitelist us or give premium a try.


Subscribe and Save 60%

Premium Access
Print + Digital

Learn more
Subscribe to Print