Most will agree that the financial services industry is a male-dominated world. So it is no surprise that women are less than happy with their current advisors.
Baby boomer financial advisors are looking for younger advisors to mold and eventually have them take over their book of business. They are finding that younger advisors are scarce compared to how many baby boomers there are these days. The industry is having a difficult time trying to recruit younger advisors to make up for the retirement of older professionals.
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