Increasing Advisor Expertise in Financial Planning: Fidelity Study Insights
Monday, 19 August 2024, 04:18
Understanding the Study's Findings
Fidelity Investments® recently released its 15th Annual Plan Sponsor Attitudes Study, revealing that advisor expertise is crucial for enhancing outcomes for plan sponsors. This research details how more knowledgeable advisors significantly contribute to the success of financial plans.
The Evolving Role of Advisors
- Advisors are increasingly required to adapt to the complex needs of plan sponsors.
- Continuous education and skill development are pivotal.
- Strong advisor-sponsor relationships are formed through better communication.
Actionable Insights for Sponsors
- Sponsors should prioritize working with advisors who invest in their own education.
- Fostering a collaborative environment is essential.
- Continuous evaluation of advisor performance can yield higher returns.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.