Northwestern Mutual Hosts Student Investing Day as US Faces 110,000 Advisor Shortage by 2034
Updated
Updated · FOX 6 Milwaukee · Jul 16
Northwestern Mutual Hosts Student Investing Day as US Faces 110,000 Advisor Shortage by 2034
1 articles · Updated · FOX 6 Milwaukee · Jul 16
Summary
Northwestern Mutual held its first Investments Learning Day in May at its Milwaukee headquarters, bringing local students in to meet professionals across investment careers.
The recruiting push comes as McKinsey projects the U.S. could be short up to 110,000 financial advisors by 2034 — a 37% drop from 2025 levels.
Demand is moving the opposite way: McKinsey estimates 34% more Americans will need financial help by 2034, partly because more retirees will rely on personal savings.
Northwestern Mutual says about 40,000 investment-related jobs will open annually nationwide, raising pressure to attract younger workers into advising and related roles.
Advisors say the gap could leave fewer people with access to human financial guidance on retirement, taxes and long-term planning.