Is there a consensus on how to deal with the looming advisor crisis?

There are many researchers, companies and industry groups looking at the collision course of the declining numbers of advisors and huge increase in the amount of potential business and asking that same question: Will there be enough financial advisors?
Recommendations made by researchers, companies and the industry vary in both composition and potential effectiveness, but nearly everyone is in agreement that the financial industry needs to proactively do a better job of recruiting, and retaining, millennial-age advisors. Past that agreement, however, many tips or recommendations appear to look more at specific issues than the industry overall.
There are some observations that do seem to create a starting point for discussing how to get millennial into the financial advisory industry, but nearly everyone is in agreement that the financial industry needs to proactively do a better job of recruiting, and retaining, millennial-age advisors.
We’ll discuss these observations in our article on this subject, coming Thursday.