Advisors considering a move look for better compensation amid pandemic
A Fidelity study found advisors said a firm’s performance during the pandemic is now a critical factor in their decision-making process.
By Kristen Beckman|November 23, 2020 at 12:07 PM
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Industry consolidation, regulatory shifts and a trend toward fee-based revenue models is prompting many advisors to consider making a move to a new firm, according to a new study commissioned by Fidelity.
The 2020 Fidelity Financial Advisor Community—Advisor Movement study polled nearly 1,000 advisors, including some before the onset of the COVID-19 pandemic and some six months into the pandemic, to understand their motivations for considering a move.
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