Brokerages are trying to raise recruiting programs as the base of financial advisers continues...

|By:, SA News Editor

Brokerages are trying to raise recruiting programs as the base of financial advisers continues to shrink. Attrition in the high-turnover industry (10% typically leave or retire in a given year) trimmed numbers by 4,000 between 2004 and 2008 - and many more advisers are headed for retirement age in the coming decade.