Why Is There a Low Retention Rate of Finanical Advisors and Can I Become One at Age 40?
The low retention rate of financial advisors is really nothing new. However, the rate at which financial advisors actually survive in the industry has likely gotten even lower over the last 20 years or so.
It is estimated right now that around 70% of newly licensed financial professionals will leave the business within three years. This leaves a retention rate of just 30% for someone entering the business as a financial advisor.
This podcast episode talks about the career path of a financial advisor.
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