Sponsored by Fidelity Investments
In a recent study,¹ 43% of advisors surveyed said their firms currently hire external consultants, third-party providers, or individual specialists for some business functions—a practice often referred to as outsourcing. Outsourcing is a strategic way to free up time, enabling advisors to give more attention to client relationships and provide deeper value.
- Investor needs are changing as more investors seek help with holistic financial planning to obtain peace of mind and fulfillment.
- Advisors may want to consider outsourcing their investment management function to better focus their time on serving clients.
- There are many outsourcing options available, ranging from utilizing market commentary and third-party tools to full-service model portfolios.
- Model portfolios may give advisors the ability to serve more clients while providing consistent, institutional-quality investment management for their clients.
1The 2018 Fidelity Financial Advisor Community: Outsourcing Trends study was fielded from May 18 through 31, 2018. Participants included 383 advisors who manage client assets either individually or as a team, and work primariliy with individual investors. These advisors are from a mix of banks, independent broker-dealers, insurance companies, regional broker-dealers, RIAs and national brokerage firms (commonly referred to as wirehouses), with findings weighted to reflect industry composition. Fidelity is not identified as the sposor of the study and all research is conducted by an independent firm not affiliated with Fidelity Investments.
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