Baby boomers are set to remake the advising business

05/22/2011 |

Traditional advising firms could go out of business as baby boomers push for new kinds of services, according to Joseph Duran of United Capital Financial Advisors. Boomers will increasingly look for products such as online services and wealth management and will expect lower fees. Advisers should embrace their fiduciary role and "raise the bar to demonstrate that they need to add value," Duran said.

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