Like all industries, wealth management has its challenges. One that has been looming large for years concerns demographics: there is a stark – and demonstrable – decline in the number of financial advisors: the industry currently has more advisors age 80 and above than under age 30.
A recent McKinsey study has verified what such long-known demographic trends have forecast: the industry is on the cusp of a profound financial advisor shortage. This, combined with the expected…
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https://www.advisorhub.com/resources/is-wealth-management-counting-its-ai-eggs-before-theyve-hatched/
