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Third of advisors will exit in next 10 years

Looking further out, Cerulli said 71 percent of advisors will leave the business within two decades.

By Dan Berman | Updated on February 11, 2014

One-third of wealth advisors plan to retire or leave the business over the next decade, Cerulli research has found, and they shouldn’t waste any time planning for succession.

The turnover in the business won’t stop after 10 years, of course. Cerulli said 71 percent of advisors will leave the business within two decades.

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