"We expect to see a lot of advisers say, 'I'm done,' just retire instead of dealing with the additional regulatory pressure."

—BCG's Brent Beardsley on financial advisors in the US

Reuters spoke with BCG's Brent Beardsley on how some US financial advisors may opt for early retirement rather than adapt to tightening regulations. The article cited Global Wealth 2016: Navigating the New Client Landscape, which found that money at big US banks' wealth management divisions fell twice as fast as costs between 2012 and 2015.

Reuters