Many registered investment advisors struggle to bring in young blood. This is especially true amid a tight labor market, in which there are nearly two jobs for every unemployed person.
ByCheryl Winokur Munk
J.D. POWER IN THE NEWS
But recruiting young talent—and keeping it—is a business imperative. For one thing, the industry is graying, and older advisors eventually need to pass the baton. The average age for advisors was 57 this year and last, according to the J.D. Power 2022 U.S. Financial Advisor Satisfaction Study. That’s up from 54 in 2020, J.D. Power says.
