Despite notable jumps in advisor assets and revenues, 2013 revealed a couple of clear warning signs for advisors, according to a new industry report.

First, the good news: Thanks to a roaring bull market in stocks, assets under management increased 12% for the average North American advisor, and average advisor revenue rose 5%, according to the fourth annual State of Retail Wealth Management report from PriceMetrix, the Toronto-based practice management software and data services company.

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