Worried that there will be a substantial exodus of assets as boomers and seniors make their exit, 47 percent of RIAs are also contemplating new pricing. (Photo: Shutterstock)
Independent registered investment advisors realize if they want to attract the next generation of clients and meet their needs, something has to change.
So says a new study from TD Ameritrade Institutional 2018 RIA Sentiment Survey, which finds that as boomers and seniors fall as a percentage of clients (from 46 percent to 43 percent and from 23 percent to 14 percent, respectively), GenXers and millennials will rise.
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Marlene Satter
Marlene Y. Satter has worked in and written about the financial industry for decades.
