The market turmoil of recent months, and all forecasts for the foreseeable future, show cloudy skies with a chance of rain, perhaps even thunderstorms ahead. Yet, given the aging of 76 million baby boomers planning for, nearing or in retirement in the coming decade, the forecast calls for another source of rain, albeit a more optimistic one, with both research and reason suggesting that there are growth opportunities for advisors in the coming years.
Regardless of challenging market conditions, and in some ways furthered by them, experts believe the planning profession has yet to see its heyday. The sheer number of aging boomers in need of advice tells us it's only a matter of time before a torrent of opportunity arrives. In response, firms are forging or growing ensembles to help achieve scale, efficiency and leverage to better manage their businesses, while also preparing to take advantage of the coming flood of opportunity.
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