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Many advisors feel ‘stuck’ in their jobs

Rainmaker Thinking says the "pent-up departure demand" among advisors trends highest among the oldest and the youngest employees.

By Lisa Barron | Updated on May 15, 2014

A large number of financial advisors feel stuck in their job, presenting a major challenge to many managers who face a looming advisor shortage and a limited pool of prospects, according to Rainmaker Thinking.

The workplace consultancy recently surveyed 41,000 professionals (6,000 of them from the financial services industry) and found that 46 percent felt “stuck” in their current job, and had for at least the past year. Twenty-five percent said they have felt that way for more than three years.

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