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.

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

Your access to unlimited BenefitsPRO.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical BenefitsPRO.com 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

Already have an account?

Marlene Satter

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

More from this author

BenefitsPRO

Join BenefitsPRO

Don’t miss crucial news and insights you need to navigate the shifting employee benefits industry. Join BenefitsPRO.com now!

  • Unlimited access to BenefitsPRO.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
  • Exclusive discounts on BenefitsPRO.com and ALM events.

Already have an account? Sign In Now
Join BenefitsPRO

Copyright © 2023 ALM Global, LLC. All Rights Reserved.