I am a firm believer in respecting your elders. After all, I am one - I've been in the financial services business for more than 30 years. But you don't have to be an industry veteran to achieve great things.

In one of my firm's recent studies, we discovered a select group of advisors who are enjoying significant success even though they're quite new to the industry. These advisors all had less than five years of experience when we surveyed them, but already had reached $50 million in assets under management - a milestone some advisors never achieve.

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