Financial advisers count falls fifth straight year because no replacements for retirements. Why aren't replacements graduating?

JD Graduate Careers? financial advisers count falls fifth straight year because no replacements for retirements International Financial Law Prof Blog

There were roughly 285,000 financial advisers in 2014, a 1.9 percent drop from 2013, according to a report by the Boston-based research group Cerulli Associates. The industry has lost more than 39,000 advisers, roughly 12 percent, since its peak in 2008, when there were 325,000 advisers.

Nearly half of all financial advisers are over the age of 55. Over the next decade, Cerulli expects nearly 100,000 brokers will retire. read more at International Financial Law Prof Blog