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illustration of business man on tightrope that turns into a profit or stock chart with ups and downs (Photo: Shutterstock)

Financial advisors have not escaped the system-wide shocks of COVID-19, according to a study by the Nationwide Retirement Institute. The sixth annual Advisor Authority Study found just 54% of financial professionals expect to increase their profitability this year, compared to 75% in last year’s study. Of those who expect profitability to fall, 68% blame it on COVID.

Related: 3 vital best practices for retirement plan advisors 

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