Ric Edelman is on a mission to warn financial advisors that the world they live and operate in is poised to change dramatically and exponentially within the next 20 years, if not sooner.
Many of their clients will live beyond 100 years old due to advances in medicine and genomics, retirement will become obsolete and close to half the jobs that exist currently will disappear.
“Ask your client if their job is safe … if their employer is safe …. We have to start retraining ourselves to be vital for our clients,” Edelman told the crowd at the Inside ETFs conference in Hollywood, Florida.
It’s a speech that Edelman, founder of Edelman Financial Services, which merged with Financial Engines last year, has made many times before. This time he also listed the industries that will be at risk, which could impact the stocks in which advisors invest clients’ funds.