N.D. looms as a growth market for advisors

Financial advisors are scarce in North Dakota, where the oil and gas industry has given rise to a boom in high net worth investors. While advisory firms are waking up to the opportunity, the state remains a tricky market. "These people have broken their backs," says John Nersesian, chairman of the Investment Management Consultants Association. "They are not necessarily interested in turning their money over" to an advisor. "They want to be involved."

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