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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