Fidelity Institutional and LearnVest have announced a collaboration to help advisors digitize their practices.

Fidelity research has indicated that advisors should begin now to use digital strategies, given that 55 percent have said they plan to pursue emerging and mass-affluent investors over the next five years. That group is comfortable with online transactions and, Fidelity said, "craves more clarity and simplicity in their finances." 

This means advisors will have to adjust to new ways of doing business, because 70 percent of firms report that their current focus is on investors older than 49 who have $1 million or more in assets. 

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