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What do advisors think about the broker protocol?

Fidelity surveyed advisors on their top concerns about making the switch to another firm or to independence.

By Janet Levaux | Updated on March 22, 2018
Of advisors surveyed by Fidelity, 44% say departures from the protocol would affect their ability to bring clients with them to their new firm. (Photo: Getty)

Fidelity recently surveyed a group of financial advisors across different segments of the business about the impact of major firms leaving the Protocol for Broker Recruiting.

“We’re now four months past the initial news — and Fidelity has some data indicating how advisors are feeling,” said David Canter, executive vice president and head of the Registered Investment Advisor Segment for Fidelity Clearing & Custody Solutions, in a LinkedIn post this week.

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Janet Levaux

Janet Levaux

Editor-in-Chief Janet Levaux has covered the financial markets since 1991, with a focus on financial advisors since 2005. After graduating from Yale and the Johns Hopkins School of Advanced International Studies (SAIS), where she studied global economics, Janet worked as a freelance financial and business writer in Japan, and then as a reporter and editor for Investor's Business Daily and the Bay Area News Group in California. She earned an MBA in 2007 and since then has helped lead key ThinkAdvisor projects like its Neal-Award winning reporting on Ken Fisher, Luminaries awards program and Women in Wealth newsletter.  

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