March 21, 2017
- Managing Director, Advisor Marketing & Sustainability, TD Ameritrade Institutional
The future of the RIA industry is in great hands—if the 50 students from 25 universities who attended National LINC 2017 are any indication. These financial planner hopefuls were a major presence at the conference as they networked and honed the skills they’ll need to kick off promising careers.
But even 50 students is just a drop in the bucket. It’s clear that we are at a crucial point in securing the sustainability of our industry. As current advisors retire, there simply won’t be enough talent to service their clients long-term if the trajectory doesn’t change. According to the Financial Planning Program Director for Utah Valley University, Luke Dean, the industry needs an influx of about 200,000 NextGen financial planners, over the next 5 years, compared with the roughly 1,000 that are graduating from university programs each year.¹