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