What Growing Pains?
It's good to be an investment advisor rep these days — actually for at least the next five years. According to a Pershing Advisor Solutions LCC and Moss Adams study, the number of retail-focused advisory firms will grow from the current 15,500 to over 19,000, and the average assets managed by an investment advisor will exceed $1 billion by 2012. They say that kind of growth represents an annual revenue opportunity of $35 billion. Not bad.
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