Summary: The Broker and Advisor Sentiment Index Survey by Fidelity reports that more brokers and financial advisors are looking to make more money and have more control over the type of clients they serve and the investments they recommend and they continued to flood the independent channel at a swift pace in 2010. Culture and community fit are important to them. Brokers and Advisors on average brought over 70% of their client assets when they did make a change.
 The independent channel continues to be attractive and the drivers of that trend, first and foremost, are advisors' desire to earn more compensation and to be the captain of their own ship and control their destiny," said Sanjiv Mirchandani, president of Fidelity's National Financial.” |
These surveys are good indicators of the current trends. The study confirms the growth in the independent channel.
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