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Discovery Data Updates its Long-Term Aging of the Advisor Population Study, 2007 – 2018

EATONTOWN, NJ — December 16, 2019 — Discovery Data, the leading financial services industry provider of data and analytics on firms and professionals, has released the latest edition of its Aging of the Advisor Population Study. This in-depth analysis of the advisor population provides key insights on the industry for the time period 2007 to 2018.

Within this study Discovery Data reports at year-end 2007 the number of registered reps within Discovery Data who were in the industry for five years or less was 235,014. By year-end 2018 this number dropped 17% to 195,347 reps. During the same time period, the number of reps in the industry for 31 or more years increased 144%.

“The advisor population is aging rapidly,” stated Spencer Herrmann, Research Analyst at Discovery Data. “In order to maintain the advisor population at its current level, the percentage of advisors with tenure of five years or less must be over 25% of the total population.”

Clients of Discovery Data reference this study to help with business and strategic planning throughout the year. If requested, clients can be provided the full dataset behind this study or engage Discovery Data to conduct a custom analysis.

For more information, contact 732-933-1899 or info@discoveryco.com.

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