The advisor sector will continue to decline over the next few years, according to research released by Cerulli Associates titled The Cerulli Edge -- Advisor Edition, which also includes advice on training and keeping talent.

  "During the past year, advisor headcount has declined by 1.3% due to terminations, retirements, and advisors exiting the industry by choice," stated Tyler Cloherty, associate director at Cerulli Associates. "We anticipate advisor headcount will continue to decline through 2016."

  Cloherty said that "few channels are delivering above-average organic headcount growth. The independent channel is benefiting significantly from advisor movement, but suffers as advisors exit the industry and retire."

"Wirehouses continue to lose significant assets from advisor movement and have fallen short in replacing talent," he said.  

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