The total number of financial advisors declined for the 5th consecutive year, dipping 1.9 percent in 2014, according to new research.
Cerulli Associates discloses this finding in a new report, “Advisor Metrics 2014: Capitalizing on Transitions and Consolidation.” This 11th edition of the annual report examines advisor attributes (such as career path, licenses and business model), their books of business and practice management issues. The report also addresses the dynamics of client relationships and advisor portfolio construction processes.