The Presidential Daily Brief

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  1. Firms Hunt for Younger Financial Planners

    The average U.S. financial adviser is over 50, and only five percent of them are under 30. With so few new advisers waiting in the wings, men like Joseph Clinard, 76, are still slogging away to provide advice. In a bid to halt the graying of financial planning, some firms are moving away from commission-based compensation — which deters younger advisers with fewer clients — in favor of base salary models, while also reaching out to women and minorities.

    NYT

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