U.S. advisor population grows, but ‘succession cliff’ looms
December 2, 2015 by Michael S. Fischer
The number of advisors in the U.S. grew by 1.1 percent in 2014, the first time since 2005 the headcount had increased, according to Cerulli Associates.
In a report released Monday, Cerulli reported that 308,937 advisors were practicing last year across wirehouse, broker-dealer and RIA channels, up from 305,610 in 2013.
Cerulli predicted that the upward momentum would continue over the next three years. Click HERE to read article