Advisor Profile

Among advisors responding to the fifth wave of the Independent Advisor Outlook Study:

• The average advisor is 48 years old and has worked for an independent firm for 10 years.
• 76% of advisors are men and 24% are women.
• 52 percent of the firms are wealth managers, providing a broad range of services to address the financial needs of more affluent clients.
• 48 percent of the firms have 1 to 5 employees.
• $151 million is the median figure for assets under management.
• The average independent firm serves 150 clients.