Next-Gen Advisors Want Clear Path to Promotion: DeVoe

Today’s young financial advisors are lost. If only they had a map or a guide. Many next-gen planners feel adrift in their roles, uncertain of career paths, skill development goals or their managers’ succession plans, according to a recent study from consultancy DeVoe & Co. With plenty of older advisors nearing retirement and talent already scarce, firms risk losing their competitive edge if they fail to support the next generation. “Clients feel it first,” said CEO David DeVoe. “Service weakens, leadersh ...