Financial industry.

A financial advisor and a broker are both esteemed professionals in the financial industry, each with their own unique roles and responsibilities.

A financial advisor provides comprehensive financial advice and services, including planning, investment management, retirement planning, and estate planning to meet clients' specific needs and goals.

A broker is a licensed professional who executes trades for clients, buying and selling financial products, and generating commission-based fees.

It's worth noting that some financial advisors may also hold a broker license, enabling them to trade securities for clients. However, not all financial advisors are brokers, and vice versa.

Bottom Line: Understanding the unique services and credentials of your chosen financial professional is crucial.

Depending on the source the average age for a financial advisor tends to run between 50-55 years old.

It's worth noting the financial advisory industry is experiencing a demographic shift right now, with younger advisors entering the industry at a faster pace than in previous years.

This is due in part to increased demand for financial planning services, as well as efforts by firms to attract younger talent to better serve their clients.

Whether it’s to attract younger clients, succession planning, or getting a fresh perspective we believe the next 5-year window will see more movement of next generation advisors than we’ve ever seen.

Bottom Line: The average age of financial advisor will continue to shift as younger talent continues to enter the industry. We believe it’s critical to continue adding the next generation of advisors to our team. At the Cooke Financial Group we have 4 wealth advisors in their 50's, 1 in their 30's, and 2 in their 20's.