A repeated refrain from seasoned financial advisors is the relief they say they have of not having to start their careers now. While its never been a better time for the industry, many advisors still consider starting from scratch a challenge for new recruits.
In fact, thats why most financial firms encourage new advisors to join existing teams, rather than operate as sole practitioners. Wealth management executives say that it may be too daunting for an individual advisor to start off on his or her own, and create a successful, sustainable practice.
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