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Professionalservice industries tend to evolve over time as the regulatory environment evolves and new technologies emerge. For instance, the financialadvice industry has seen many changes to regulations (for both advisors and their clients), advisor business models, and the advisor technology landscape.
Advisor Metrics, Cerulli Associates predicts that 37.5% (or nearly 110,000) of financialadvisors will retire over the next 10 years. In its most recent report on U.S. Which, in turn, has prompted some to wonder if firm owners have a specific obligation to their profession to hire and train next-gen talent.
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