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Fortune
Fortune
Preston Fore

The wealth management industry is running out of advisors

Businesswoman communicates with two clients sitting at a table (Credit: Getty Images)

If you have a wealth manager you trust or have been meaning to connect with one, you may want to give them a call sooner rather than later—as their skills are about to be increasingly in demand. 

The industry could soon face a shortage of more than 100,000 advisors, according to a new report from McKinsey, and that could be bad news for affluent clients who rely on wealth managers for everything from investment and retirement strategies to estate and tax planning.

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