Financial Advisor Study Finds Attrition Risk Rising Among Top PerformersVW Staff
COSTA MESA, Calif.: 29 June 2017 — Financial advisors are less satisfied with their firms than they were last year and the decline is sharpest among the highest producers, according to the J.D. Power 2017 U.S. Financial Advisor Satisfaction Study,SM released today. A confluence of factors, including continuing changes to compensation, uncertainty over the Department of Labor Fiduciary Rule, emerging technologies like robo-advisors and waning faith in firm leadership are all contributing to the trend.
The study measures satisfaction among both employee advisors (those who are employed by an investment services firm) and independent advisors . . .
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