The below was originally published on InvestmentNews. Click here to read the full article. featuring NPC members Hannah Moore and Suzanne Siracuse.
The financial advisory industry’s long-anticipated talent crunch has arrived, and new benchmarking research from Schwab Advisor Services and Amplified Planning underscores just how urgent the problem has become. Recently at Schwab IMPACT 2025, InvestmentNews hosted a wide-ranging conversation featuring Suzanne Siracuse, CEO of Suzanne Siracuse Consulting, Leslie Tabor, director of business consulting and education at Schwab Advisor Services, and Hannah Moore, founder of Amplified Planning. The trio revealed the results of their research, outlining core findings — and highlighting the industry’s most promising solutions.
The backdrop is stark. As Tabor noted, “based on industry growth, the number of RIAs that are in the industry today, we’ll need to bring on 70,000 new hires over the next five years just to keep pace with the growth that we’re experiencing.” She adds that nearly a third of current advisors are projected to retire in the next decade, which represents “41% of assets in our industry.”
Moore said the problem isn’t a lack of interest among newcomers. “The talent is here… they’re ready to go, but many are facing a variety of barriers to entry.” As a result, Moore said, these potential candidates are getting frustrated.
According to Moore, more than 94% of entrants say “helping people is a driver for why they’re coming into this.” Many have witnessed the power of financial guidance firsthand and “want to be part of the solution,” Moore said. She described experiencing hundreds of personal stories submitted through Amplified Planning’s externship — many of them emotional — centered on improving the financial lives of family and community.
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