Next gen advisers finding their niche in the industry

Each of the 6 next-generation advisers <i>InvestmentNews</i> has followed over their first year in the advice business is finding their focus in the ever-changing industry. </br><b><i>(Plus: <a href=&quot;http://www.investmentnews.com/section/specialreport/20150329/YEARONEMARCH&quot; target=&quot;_blank&quot;>Our full Year One special report</a>)</b></i>
FEB 09, 2015
Each of the six next-generation advisers InvestmentNews has followed over the past year — their first in the financial advice business — is finding his or her own focus in this changing industry. One is circumventing a traditional adviser career path and heading his firm's efforts to create a digital advice service for young investors and those with smaller accounts. The days of seeking out only wealthy investors are over, he says. Half of these 20-something professionals took the certified financial planner exam last week, while the rest are pursuing other designations. One is considering the chartered financial analyst mark. Making time to study for the CFP and other securities examinations has been a struggle for the budding advisers. They sometimes feel overwhelmed by competing priorities, and most are trying to figure out their appropriate work-life balance. On a personal level, the group has had an exciting year, with two getting engaged and another excited to learn his wife is pregnant with their second child. These next-generation advisers have lots of guidance for those coming up behind them in the business, including to ask questions, take constructive criticism and accept that you'll make mistakes. Read their stories beginning on Page 10 and find them online in blogs and video hangouts at InvestmentNews.com/YearOne.

Latest News

The power of cultivating personal connections
The power of cultivating personal connections

Relationships are key to our business but advisors are often slow to engage in specific activities designed to foster them.

A variety of succession options
A variety of succession options

Whichever path you go down, act now while you're still in control.

'I’ll never recommend bitcoin,' advisor insists
'I’ll never recommend bitcoin,' advisor insists

Pro-bitcoin professionals, however, say the cryptocurrency has ushered in change.

LPL raises target for advisors’ bonuses for first time in a decade
LPL raises target for advisors’ bonuses for first time in a decade

“LPL has evolved significantly over the last decade and still wants to scale up,” says one industry executive.

What do older Americans have to say about long-term care?
What do older Americans have to say about long-term care?

Survey findings from the Nationwide Retirement Institute offers pearls of planning wisdom from 60- to 65-year-olds, as well as insights into concerns.

SPONSORED The future of prospecting: Say goodbye to cold calls and hello to smart connections

Streamline your outreach with Aidentified's AI-driven solutions

SPONSORED A bumpy start to autumn but more positives ahead

This season’s market volatility: Positioning for rate relief, income growth and the AI rebound