Market forces aligned in favor of advisory firms for the past few years.  By many measures, 2014 was nearly as impressive for advisory firms as 2013, when nearly every major business indicator achieved a record best.

Indeed, based on recent findings from The 2015 FA Insight Study of Advisory Firms: People and Pay, the typical advisory firm has clearly enjoyed unprecedented success in recent years, but there are no guarantees that this will continue. In particular, the long-running bull market for securities appears to have run its course.

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