37 percent of advisors are expected to retire in the next 10 years, according to Cerulli. (Photo: Shutterstock)
Larger firms are better prepared for the coming wave of retiring financial advisors, even though they will see the largest portion of advisors retiring.
That's according to new research from Cerulli, which says in its U.S. Broker/Dealer Marketplace 2019 report that 37 percent of advisors are expected to retire in the next 10 years, putting nearly 39 percent of industry assets "in motion."
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Marlene Satter
Marlene Y. Satter has worked in and written about the financial industry for decades.
