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 

Danielle Andrus



Join BenefitsPRO

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

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

Already have an account? Sign In Now
Join BenefitsPRO

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