U.S. wealth management firms have an advisor-engagement problem. With markets struggling, compliance and administrative responsibilities growing and the advisor population aging, many advisors are planning their own exit strategies. According to the J.D. Power 2023 U.S. Financial Advisor Satisfaction Study,SM nearly one-third (28 percent) of financial advisors say they do not have enough time to spend with clients and 20 percent say they are five years or less away from retirement.
“In difficult market conditions like the ones we’ve been experiencing for the past several years, great investment advisors set themselves apart by proactively addressing their clients’ needs, delivering comprehensive guidance and communicating clearly and frequently about the issues that matter most to their clients,” said Craig Martin, executive managing director and head of wealth and
