It’s no secret that the wealth management industry faces a talent shortage, but a recent report puts some hard numbers on the problem and offers guidance to advisory firms looking to recruit—and retain—fresh blood.
The number of U.S. financial advisors grew by a net 2,579 in 2022, as the number of new entrants into the profession barely offset the number of retirements and trainee failures, research firm Cerulli Associates estimates in the June issue of “The Cerulli Edge—U.S. Asset and Wealth Management Edition.” Cerulli...
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