The demand for financial advisors will boom as baby boomers retire, according to Forbes new e-book, Wall Street's Hottest Career.
The profession is expected to grow 27 percent over the next decade, according to Forbes, compared to an average growth rate of just 11 percent for all occupations tracked by the Bureau of Labor Statistics.
At the same time, the average age of today's 316,000 financial advisors is 51 years old, with 43 percent over 55, and the industry predicts that over the next 10 years, 12,000 to 16,000 of these advisors will retire every year.
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
