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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The ins and outs of advisor movement

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