There is a tremendous generational shift we are starting to see already, said Tom Nally, the new president of TD Ameritrade Institutional. By the end of the decade, the next generation, will have over $28 trillion, up from $2 trillion. It is incredible.
Independence and technology are the leading factors for successful advisors, according to four advisors at TD Ameritrade Institutionals Elite Summit, but some of the other factors were even more surprising.
Theyre earning more income than ever before, outlive their husbands by an average of four years and are significantly more inclined to seek out financial advice, but the advisory community still hasnt done enough to cash in on this enormous wealth management opportunity.