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Survey flags high percentage of 'break-away advisors'

The survey identifies earning potential, among other considerations, as factors motivating advisors to move on.
The survey identifies earning potential, among other considerations, as factors motivating advisors to move on.

Last June, NU reported that more than three-quarters of high net worth investors planned to leave their current financial advisor and that only 2 percent would refer their advisor to other affluent investors.

The low approval rate may have something to do with dissatisfaction among investment advisors themselves. A new survey finds that nearly one in four advisors (23 percent) is at-risk of leaving his or her firm.

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Nichole Morford

Nichole Morford
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