The Coming Crisis in Hiring Talented Financial Advisors

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About the Episode

Approximatley 40% of financial advisors plan to retire within the next 10 years, according to Cerulli and Associates. The CFP Board says that there are more certified financial planners over 70 than under 30. Replacing those professionals will be a challenge for the industry. The advisor profession faces a talent and hiring crisis. My guest today is Kate Healy, who is charged with solving that crisis by opening the RIA career path to fresh faces – including new graduates, career changes, military veterans, and other groups that aren’t traditionally represented in the financial advice field.

Kate is the managing director for Generation Next at TD Ameritrade Institutional. She promotes diversity and inclusion initiatives to bring more women and underrepresented minorities into the profession. Her goal isn’t just to increase diversity – but to equip RIAs with a rich talent pool to grow strong for the long term.

Show Notes

Here is a link to the TD Ameritrade Institutional web site. Here is a link to the article by Sara Grillo about Ken Fisher that was mentioned in the podcast.