It’s no surprise that younger advisors have fewer assets under management, yet they are growing at a faster clip. Advisors under the age of 35 reported managing $69 million in assets on average, compared to the $128 million managed by advisors aged 45 to 54; after that, assets increase only slightly.
Dollar for Dollar
Younger brokers make less, but grow faster. Yet, 15 percent of brokers under 35 brought in over $1 million last year.
Playing it Safe?
Younger advisors offer fewer investment options.
Next: A Less-Than-Diverse Workforce