man drawing big unhappy face on glass The study highlighted the sometimes substantial differences between firms with highly satisfied advisors and those whose advisors aren’t so happy. (Photo: Shutterstock)

Advisory firms, take heed—just four out of 10 advisors are actually satisfied with the firms they’re currently with. And considering that not only are half of existing advisors expected to retire in the next 14 years but there are fewer graduates entering the financial services industry, this could be a problem.

That’s according to research from Fidelity, which says that firms should work on advisor engagement to help them retain talent—especially since 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.

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