RIAs are falling behind their competitors because of a dearth of internship programs, according to TD Ameritade Institutional.
Just a third of RIAs hire interns for the summer or other parts of the year, the nation’s third largest custodian found in a study released Tuesday. RIAs are thriving, but their lack of succession planning places $5.8 trillion in assets at risk, notes Kate Healy, who leads the firm’s Generation Next program.
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