Call them the industry’s fourth horseman.
Anticipating a mass retirement of financial advisors, a group of former Morgan Stanley complex managers has left to start their own independent firm with a focus on luring in experiencd senior advisors planning their way out of the industry.
“With the average age of a financial advisor now over 60, and the massive wave that represents, our industry is facing a major crisis which has not been addressed to the complete satisfaction of advisors and their clients,” said
Maurer, who was most recently a managing director at
The firm provides additional perks such as full medical coverage for up to seven years after retirement.
So far the firm has hired a team of four with two junior-level and two associate-level advisors.
Maurer, 44, and another founding partner,
Overall the firm, which is based in
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