RS: No. For the most part, advisors want to be there for their clients. On the other hand, there will be some advisors who are retiring.

FA: This is also an issue for the advisor community right now, correct? That of advice-givers' ages as the practice itself matures?

RS: Yes, it's an issue. At the FPA, our average age is 53 or 54. There needs to be another generation of advisors that comes in. But this is a very vibrant community from an education perspective. There are several universities with Ph.D. programs in financial planning, for instance, including Texas Tech and Kansas State University.

Janet Aschkenasy is a freelance writer living in New York City. She wrote Financial Advisor's December 2008 story, "Who Discloses What?" about proposed fee disclosure rules for plan sponsors and advisors.

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