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."
—Anonymous
"Therapy will be a part of most financial planning processes."
—Anonymous
"Amazon, Google or Apple will enter the financial services market."
—Anonymous
"The next recession will cause more consolidation in the industry and more advisers will retire."
—Anonymous
FSB, FINRA and Canada's OSFI have each flagged AI as a threat to financial stability, citing stretched valuations, rising retail leverage and cyber vulnerabilities
New research finds 67% of US adults support broader access to AI investment opportunities, amid inequality concerns.
Insurance brokerage and consulting firm has roughly $3 billion in annual revenue and serves midsize businesses across the US.
Federal prosecutors say the scheme used fake investment accounts and a fictitious financial advisor to lure victims into romance-fueled fraud.
Morgan Stanley sought to claw back recruiting bonus money from Darryl Cohen.
Northern Trust’s Ken Lassner shows advisors how to convert volatility into after-tax portfolio gains
Dan Biagini of American Equity says the steady decline of pensions, longer lifespans and a reset in interest rates are rewriting how advisors build retirement income
