While the number of RIAs increase across the nation, Kerry Bradley, president of Garrison Financial in Fayetteville, continues to seek out investments and clients without needing to hire additional advisers.
Registered investment advisers have experienced steady growth in Arkansas and the United States over the past three years as a nationwide brokerage firm has been encouraging the younger generation to join the field.
In 2013, TD Ameritrade Institutional established a scholarship and grant program as part of its NextGen Initiative, launched in part to prevent an adviser shortage as baby boomers start to retire.
Since then, it has awarded nearly $250,000 in scholarships to almost 50 students seeking degrees in financial planning and given grants of up to $50,000 to seven schools building programs to educate future registered investment advisers.
“A wave of baby boomer advisers are nearing retirement age, but there is not expected to be an equal number of young people joining the ranks... [ MORE ]