Practice Management

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But that doesn’t mean they’ll stay with them indefinitely, according to Dynasty Financial Partners.
To find out how much financial advisors really make in a variety of U.S. locations, a recent study compared the cost of living and tax burden in 126 cities with its median financial advisor salary.
One-third of advisors told J.D. Power that they “probably will” be working at their current firm in the next one to two years.
To retain new talent, RIAs must focus on training and support.
More than half of Gen Z and millennial investors take financial advice from social media, according to Betterment.
Misaligned valuations are the biggest deal killer, says Fidelity.
With more than a third of advisors set to retire in the next decade and rookie advisors washing out at high rates, the industry is facing a reckoning.
A new paper from BlackRock and the Bipartisan Policy Center suggests that there are actions that advisors and investors can take to increase the amount of money available in retirement.