Advisers are seeing — and will continue to see — total assets under management slide over the foreseeable future, says Valerie Brown, chairwoman of Advisor Group. The solution? Millennials, she says, meaning both clients and new, younger advisers.

Decumulation is here and will remain as long as baby boomer clients leave work in greater numbers, and there is a “required move out of qualified assets,” Brown says. “RMDs are, well, required.” Not only are boomers drawing down on their assets, but they are beginning to pass away.

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