Congratulations to Zachary Welborn for being selected as a 2023 Top Next-Gen Wealth Advisor by Forbes Magazine. Zach is listed at number 64 in this nation-wide listing that received over 42,000 nominations! Robo-advisors and artificial intelligence may not be the biggest threat to the wealth management business but aging advisors with inadequate succession plans may very well be. According to J.D. Power, the average age of financial advisors is 56, with some 20% of the workforce indicating that they are five years or less away from retirement. As many older advisors draw nearer to leaving the workforce, succession planning is top of mind as teams try to ensure clients will be left in good hands. Born in 1984 or later, this generation of advisors manages nearly $2.5 trillion in cumulative assets.
Required disclosure: The Firm has reasonable basis that any questionnaire or survey used in the preparation of this third-party rating is not designed or prepared to produce any predetermined result. This rating was received on August 8, 2023 and no compensation was provided directly or indirectly by the adviser in connection with obtaining this third-party rating.