man drawing big unhappy face on glass The study highlighted the sometimes substantialdifferences between firms with highly satisfied advisors and thosewhose advisors aren't so happy. (Photo: Shutterstock)

Advisory firms, take heed—just four out of 10 advisors are actually satisfied with the firmsthey're currently with. And considering that not only are half ofexisting advisors expected to retire in the next 14 years but thereare fewer graduates entering the financial services industry, thiscould be a problem.

That's according to research from Fidelity, which says that firms shouldwork on advisor engagement to help them retain talent—especiallysince while 60 percent of advisors are satisfied with their career,only 40 percent are happy with their firms.

Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.

  • Critical BenefitsPRO information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
  • Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Marlene Satter

Marlene Y. Satter has worked in and written about the financial industry for decades.