The majority of Americans aren’t happy with their jobs—52.3%, according to a 2014 report by the Conference Board —and a 2015 study from JD Powers suggests that job satisfaction specifically among financial consultants is declining. This matters not just for the employees, but also for their employers. Higher levels of satisfaction tend to correlate with improved productivity. It can also lead to reduced turnover, which in turn saves your company the significant time and money required to hire and train new workers.
A recent survey by WealthManagement.com and Fidelity Investments measured the factors that affect the job satisfaction of financial consultants across the industry. The survey found that the following four factors are crucial:
• Strong Investment Platforms
• Excellent Technology
• Compliance Support
• Help With Client Attraction
Download the white paper to find out how firms can address these four factors and work to improve job satisfaction.