Fidelity Updates Advisor Technology Study: eAdvisors Experience Higher AUM, Compensation

Two years ago, Fidelity Clearing & Custody Solutions^SM (FCCS), released their first eAdvisor study. The study instantly became a favorite of ours because it clearly indicates the benefits that modern technology conveys upon financial advisory firms who use it correctly. Fidelity has now released new findings on the use of technology by financial advisors in the Fidelity 2016 eAdvisor Study. In this study, Fidelity found that since it first identified a subset of tech-savvy advisors — dubbed ” eAdvisors ” — in its 2014 study, the number of advisors capitalizing on technology solutions has increased by 10 percentage points, from 30 percent of the advisor population in 2014 to 40 percent in 2016.
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