Heading into 2020, global growth has slowed considerably. Trade continues to be a major headwind to the expansion, however, economic fundamentals – low unemployment, rising wages and sustained consumer confidence – are healthy. Meanwhile, the longest-running bull market in history now is also the best performing. What does it all mean?
The global economy could be poised for a rebound in 2020, with the cadence of growth improving as the year progresses.
Our panelists recently discussed contributing factors and market conditions in 2020.
Market volatility can be unsettling, but history shows that prices have returned to less volatile patterns over time. That can be good news for long-term investors.
Discover how to combine mindfulness, food and movement to maximize your performance.
You’ve spent your career teaching clients the importance of retirement planning and how to protect their assets. But have you considered what will happen to your business when it comes time for you to pass it to the next generation of advisors?
From loyalty to impact and autonomy to experiences discover how each generation defines happiness.
We stand for a legacy of expertise, focused on delivering strong, long-term results. Our name reflects our progressive product offerings and growing global presence as we continue to adapt to the needs of investors.
A recent study found that firms with Millennial advisors on their teams saw assets increase by an average of 20% annually, compared with 11% for those who didn’t.1
The Next Gen Advisor program will help leaders understand generational personalities and help them become more effective at recruiting and retaining the next generation of financial advisors.
Our industry is in the midst of a labor shortage. While the demand is high to fill open roles, Millennials are showing little interest in pursuing a financial advisor career path. As a result, by 2026 there will be a shortfall of over 312,000 advisors.1 So how do you attract the young talent?
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1U.S. Bureau of Labor Statistics. (2018). Employment Projections Program. Retrieved from U.S. Bureau of Labor Statistics.
1U.S. Bureau of Labor Statistics. (2018). Employment Projections Program. Retrieved from U.S. Bureau of Labor Statistics.
2Makovsky. (2016). 2016 Wall Street Reputation Survey. Retrieved from Makovsky Inc.
3Kantar Futures. (2017). Redefining the C-suite: Business the Millennial Way. Retrieved from American Express Services Europe Limited.
4Gallup. (2016.) How Millennials Want to Work and Live.
5Hanson, J. (2014, Feb 3). One-third of advisers plan to exit business within a decade. Retrieved from InvestmentNews.
6Achieve. (2014, Nov). Inspiring the Next Generation Workforce: the 2014 Millennial Impact Report. Retrieved from The Millennial Impact.
7Hillhouse, A. (2012, Oct. 4) Consumer Insights: MTV’s ‘No Collar Workers’.
8Execu-Search. (2017). 2017 Hiring Outlook: Strategies for Engaging with Today’s Talent and Improving the Candidate Experience. Retrieved from Execu-Search Group.
9Deloitte. (2018). 2018 Deloitte Millennial Survey: Millennials Disappointed in Business, Unprepared for Industry 4.0. Retrieved from Deloitte Touche Tohmatsu Limited.
