The Next-Gen Advisor Crisis Is Real. Here Are Solutions.
By Greg Cornick
As much as the wealth management industry is about helping people remain calm in turbulent environments, we frequently view our own challenges through a lens of incessant doom and gloom. Regulatory changes will destroy the industry. Robo advice will render financial advisors obsolete. The list goes on.
But for those wealth management firms willing to make specific—and not always large—adjustments to keep next-gen talent engaged, committed and successful, these numbers don’t represent disaster but rather a large window of opportunity.