Some advisors are down on the industry right now.
Bill isn't one of them.
(Watch Time—6:36)
That's because he's looked at the data and likes what he sees.
The advising industry is projected to grow by as much as 50% over the next 5–7 years. This is in part due to the fact that both Canadians and Americans tend to list retirement planning as one of their primary concerns.
In fact, 85% of North Americans believe it's important to have a financial plan, yet 55% of them don't have one. As a result, 67% of them feel like they're behind in planning for retirement.
This means that the opportunity for advisors in the current moment is, as Bill puts it, "real...profound...and significant. The odds," he says, "are definitely in our favor."
In times like this, Bill notes that the most successful advisors invest in their practice. Specifically, top advisors in the field reinvested 30% of their revenue into their businesses.
"We're in the golden age of building AUM in your book," Bill says, and "if you want to grow your business, there's glory times ahead."
