Research

The ins and outs of advisor movement

Insights from Fidelity's 2023 Advisor Movement Research Study.

Key Takeaways
  • Firm culture and compensation are just two of many factors that influence a decision to move.
  • Advisors who move are confident in their abilities, and strongly desire more control and autonomy.
  • Over two-thirds of advisors who move have a formal transition plan, up significantly from prior years.
  • Movers expect higher compensation and AUM growth following their move to a new firm.
  • Advisors say that an average of 80% of the clients they wanted to move with them ultimately did.
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Advisor recruiting Attracting & retaining talent Business strategy
Next steps to consider

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