Interesting article....people increasingly value advice+ overall AuM growth = More growth for advisors. Could be gradually disrupted by the ROBO support, which is good for the overall sector, but likely with less human advisors
This year looks to be rosy for advisory firms — if you believe both the pundits and advisers themselves. "I am bullishly optimistic on the wealth management business," said adviser JJ Burns, founder of JJ Burns & Co. in Melville, New York. "We've seen an influx of people coming to us who have been mismanaged, and not globally diversified, and there's a dwindling supply of firms that do comprehensive wealth management." Eight out of 10 advisers are confident about their business prospects for 2015, according to the InvestmentNews 2015 Outlook survey. About half of advisers are "somewhat optimistic" and another 34% characterize themselves as "very optimistic," the online survey of about 380 advisers found.
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