WealthManagement.com and Informa Engage recently conducted a survey to better understand the next generation of financial advisors. What types of clients do they serve? What services are they offering? What do they consider their strengths? To answer these questions and more, we surveyed 200 financial advisors aged 25-41 in March 2022.
The report profiles the next-generation advisor and provides valuable insights firms can use to attract younger advisors.
The Next Generation of Financial Advisors
Industry Insights
A Wealth Management survey of 200 financial advisors aged 25-41.
$3M +
What is your average client account size?
March 2022
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Under $100K
60% of Next Gen customers have a total account size of less than $1M.
A third of respondents rate their firm’s client facing technology very positively (top-two box). Next Generation advisors are slightly more positive about their client facing technology are Established advisors.
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NextGen Advisors (under 42)
Gen X Advisors (42-49)
Established Advisors (50+)
We take the time to understand them so we can create a strategic wealth plan that reflects what's important to you.
At RBC Wealth Management, we're the firm you can depend on to help you achieve your financial goals. Your aspirations may involve your family, your business or the legacy you want to leave. We can help you navigate opportunities, changes and challenges as they happen—from generation to generation.
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Insights Report
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NextGen Advisors Seek Accounts $100K - $1M
Key Findings
$375,000
$100K - $500K
$1M - $3M
$500K - $1M
Explore Over 30 Next Generation Financial Advisor Responses
The typical respondent reports an estimated median $375K average client account size.
The Next Generation of Financial Advisors
60%
Gen X Advisors (42-49)
Established Advisors (50+)
NextGen Advisors (under 42)
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