Financial professionals are aging along with their customers, according to Fidelity Investments.
Fidelity, Boston, has published data on the retirement plans of brokers and advisors in a summary of results from an online survey of 1,046 U.S. investment professionals that was conducted in late 2010.
The participants included financial professionals from independent broker-dealers, national brokerage firms, registered investment advisors, insurance companies, banks and regional broker-dealers.
Fidelity notes that Cerulli Associates, Boston, has found that the median age of a financial professional is about 49.
