Advisors were increasingly focused on portfolio management in the first quarter of 2014, while fixed-income also remained at the top of their minds, according to a new survey by Fidelity.

Fidelity Advisor Investment Pulse is a "first-of-its-kind" survey designed to capture the investment issues that concern advisors, based on an ongoing open-ended poll of more than 200 advisors a quarter, it said.

Advisors' responses to the latest poll also showed an increase in concern about market volatility, especially in January when the Dow fell 5.3 percent and the S&P dropped 3.6 percent, their worst monthly percentage declines since May 2012.

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