Where will the next generation of advisers come from?

We've all read (or written) the stories about the average financial adviser, in his or her late 50s, who just can't seem to find the right succession plan.
OCT 24, 2010
We've all read (or written) the stories about the average financial adviser, in his or her late 50s, who just can't seem to find the right succession plan. And if it's a problem now, it will only become more of a challenge, as firm owners only continue to get older -- and fewer wirehouses express interest in training new recruits fresh out of college. So InvestmentNews will be spending more time focusing on this issue and exploring where, exactly, the next generation of financial advisers will come from. One of the first things we'd like to do is connect with students who have expressed some interest in the profession and are currently looking for more information on the business itself, or where they can get started looking for jobs in the field. We just created a Facebook page (take a look here.) to make some new connections and position some of our own content and information to students and younger professionals who could very well turn out to be the financial advisers of tomorrow. Check it out and join our page, if you're on Facebook, or pass the link along to someone you know who might be interested in joining. We've also launched a new Career Center that should help students and potential employers make new connections. And if you're already committed to working with the Next Generation, let us know how we can help. We just armed one industry vet with InvestmentNews 'materials" to bring to more than 100 students later this week at a university career fair. We're open to any and all reader suggestions on this front, so stay tuned. And of course, thanks for reading.

Latest News

SEC to lose Hester Peirce, deepening a commissioner crisis
SEC to lose Hester Peirce, deepening a commissioner crisis

The "Crypto Mom" departure would leave the SEC commission with just two members and no Democratic commissioners on the panel.

Florida B-D, RIA owner pitches bold long-term plan to sell to advisors
Florida B-D, RIA owner pitches bold long-term plan to sell to advisors

IFP Securities’ owner, Bill Hamm, has a long-term plan for the firm and its 279 financial advisors.

Fintech bytes: Vanilla, Wealth.com forge new estate planning partnerships
Fintech bytes: Vanilla, Wealth.com forge new estate planning partnerships

Meanwhile, a Osaic and Envestnet ink a new adaptive wealthtech partnership to better support the firm's 10,000-plus advisors, and RIA-focused VastAdvisor unveils native integrations with leading CRMs.

Fiduciary failure: Ex-advisor who sold practice fined after clients lost millions
Fiduciary failure: Ex-advisor who sold practice fined after clients lost millions

A former Alabama investment advisor and ex-Kestra rep has been permanently barred and penalized after clients he promised to protect got caught in a $2.6 million fraud.

Why the evolution of ETFs is changing the due diligence equation
Why the evolution of ETFs is changing the due diligence equation

As more active strategies get packaged into the ETF wrapper, advisors and investors have to look beyond expense ratios as the benchmark for value.

SPONSORED Are hedge funds the missing ingredient?

Wellington explores how multi strategy hedge funds may enhance diversification

SPONSORED Beyond wealth management: Why the future of advice is becoming more human

As technical expertise becomes increasingly commoditized, advisors who can integrate strategy, relationships, and specialized expertise into a cohesive client experience will define the next era of wealth management