Why the Financial Services Profession is Changing
- Gen Y advisers see that their peers are not being serviced but are asking great financial planning questions (for example, "Should I contribute to a 401(k) or a Roth IRA?").
- There's a shift afoot to get away from pushing commissioned products that clients don't actually need.
- Advisers want to serve a broader client base, regardless of their accumulated assets.
- Advisers are placing greater emphasis on the power of financial planning, rather than focusing solely on investment advice.