Baby Boomer brokers face shrinking market to sell firms

27-May-2015 #Globalwealth Source: Reuters

Young brokers are increasingly looking at acquisition of older and retiring brokers to boost assets. For brokers born during the Baby Boom, from the mid 1940’s through the early 1960’s, finding someone to buy their business is an increasingly urgent matter. With many older brokers looking to sell to few younger ones, wealth management is likely to end up being a much more concentrated industry in the future.

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