STUDY: Financial Advisors See Payoffs for Switching Firms

Posted by Emily Maxie

broker dealers switch firmsFidelity has just released its second annual “Insights on Independence” study, and the results show that financial advisors on the move have the biggest increase in pay. The study found that financial advisors who switched firms earned 22 percent more than they did in 2008 (compared to a 17 percent increase for advisors that stayed put at one firm).

And the majority of advisors that switched firms (9 out of 10) were happy with their decision to move, and 77 percent said they were better off financially than they were before changing firms.  Click here to read the full report.

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