01.16.25

Advisor Headcount Stagnates

by: Diana Britton

Financial advisor headcount has grown just 0.2% over the last decade, according to a report by Cerulli Associates, despite efforts to draw more people into the profession and develop next-generation talent. The wirehouse channel is losing headcount at the fastest rate, although it controls over one-third of industry assets. As of 2023, the wirehouses had a 15% market share of advisor headcount. Cerulli forecasts that this will decrease to 14% over the next five years, primarily due to gains made by registered investment advisors.

Read the full article on WealthManagement.com