The financial advice industry is getting younger, according to the 2017 FA Insight Study of Advisory Firms: People & Pay.
The report from TD Ameritrade Institutional, which acquired FA Insight in 2016, draws on data received from 388 financial advisory firms. It finds that the median age of lead advisors has slipped by three years to 47 since 2015.
The study also finds that the median years of experience for an advisor has also declined, to 18 years from 20 years in 2015.
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Emily Zulz
Emily joined the ThinkAdvisor team as a reporter in the summer of 2014. She previously worked as a reporter for The Daily Journal in Kankakee, Illinois for a year and as a reporter and editor for The Daily Eastern News in Charleston, Illinois for two and a half years. Prior to joining ThinkAdvisor, Emily worked on Groupon’s editorial team in Chicago as a fact checker for three years. She graduated cum laude with a BA in journalism from Eastern Illinois University, and she has been the recipient of two journalism awards for her news reporting at daily newspapers.
