What are the Expectations of the NextGen Advisor?

Recorded live at Wealth Management EDGE, host Ryan Nauman welcomes Nate Lenz, co-founder and CEO of Concurrent, to discuss shifts in wealth management and the rise of NextGen advisors.Lenz explains Concurrent’s platform model supporting independent wealth managers by handling middle and back office functions while preserving advisor autonomy, and highlights growth to supporting over 90 firms, plus newer RIA Capital Partners and Platform-as-a-Service offerings.They discuss the aging advisor workforce amid rising demand for advice, AI as a productivity and entrepreneurship enabler rather than a job threat, and the increasing importance of human relationships as some services become commoditized. Lenz shares findings on nextgen expectations—mentorship and clear career paths over remote work—and describes Concurrent’s campus recruiting, internship program, training curriculum, and 18-month operational rotation.Connect with Ryan Nauman:LinkedInXLearn more about Concurrent here.00:00 Podcast Welcome00:33 Live From Edge01:35 Meet Nate Lenz02:01 Concurrent Platform03:07 Advisor Talent Crunch06:01 AI Opportunity Debate08:44 AI Boosts Productivity10:27 Human Element Matters12:14 Next Gen Expectations13:48 Internships Recruiting16:23 Training Rotation Paths18:22 Attracting Young Advisors20:49 Wrap Up And Links