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Assets At Risk as Financial Advisers Retire: Cerulli

As 43% of financial advisers approach retirement, their replacements are proving difficult to woo, global analytics firm reports.

By Michelle A. Samaad | Updated on January 21, 2014

Forty-three percent of financial advisers are either at or are approaching retirement, according to new research from global analytics firm Cerulli Associates.

The danger is as the adviser population ages, broker/dealers and custodians are at risk of losing assets under management as advisers exit the industry, said Kenton Shirk, associate director at Cerulli. The independent channels are most at risk because they have the oldest advisers on average, he added.

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