New York – September 2, 2015 – Ipreo, a leading financial services industry provider of data and analytics on firms and professionals, has released the latest edition of its Discovery Data Aging of the Advisor Population Study, updated through year-end 2014. This in-depth analysis of the advisor population for the seven year period of 2008 – 2014 provides key insights on the industry.
Within this study Discovery Data reports at year-end 2008 the number of registered reps within Discovery Data who were 35 years of age and under was 146,883. Year-end 2014 the number of reps dropped to 105,996, for a decline of 28%. During the same time period, the population of reps over 35 years of age declined only 1%.
“The advisor population is aging rapidly, but not only due to the lack of new rep hiring,” stated Bob Herrmann, Managing Director of the Global Asset & Wealth Management division of Ipreo. “The difficult business environment resulting from the financial crisis has led younger professionals to exit the financial services industry and switch their career paths to other industries.”
Both retail and institutional channel breakdowns, as well as many key factors and market predictions are detailed throughout the study to assist Discovery Data clients with business and strategic planning. Updates are provided annually and made available within Discovery Data. Clients can also access this study along with a complete overview and analysis of the industry as a subscriber to Discovery Data Market Insight.
For more information, contact 732-933-1899 or email@example.com.
Ipreo is a leading global provider of financial services technology, data and analytics. We support all participants in the capital-raising process including banks, public and private companies, institutional and individual investors, as well as research, asset management and wealth management firms. Our unique, cross-asset class solutions equip our clients with the information and tools they need for more effective decision-making and a more efficient workflow. Ipreo is private-equity held by Blackstone and Goldman Sachs Merchant Banking Division, and has more than 900 employees serving clients in every major financial hub around the world.
About Discovery Data
Discovery Data offers the only single view of the financial services industry with access to all BD and RIA firms, over 670,000 BD and RIA reps, 2,400 trust companies and 1.7 million insurance agents via a state-of-the-art online system, and includes comprehensive firm and professional profiles encompassing hundreds of fields of data, sophisticated search capabilities, and business intelligence capabilities to follow industry trends and mine key data. Additional services include a comprehensive data hygiene program, extensive data feeds for integration with any CRM or data warehouse, data-driven market insight and strategic guidance. Many of the world’s largest and most successful asset managers, wealth managers, clearing firms, insurance companies and service providers rely on Discovery’s data and services to understand the industry, and to identify, reach and do business with firms and professionals throughout the United States. For more information, please go to www.discoveryco.com.
- For Ipreo
- Kate McKay
- Managing Director, Global Marketing & Communications
- For Discovery Data:
- Chelsea Granholm
- 732.933.1899, ext. 129