Advisors want to generate growth through referrals in the new year, according to a survey of 400 advisors by SEI Advisor Network released Wednesday.

The number one resolution for advisors for 2018 is to take steps to increase referrals because most are having difficulty generating as many referrals as they would like in order to reach growth goals, the survey said.

By comparison, advisors’ resolutions for this year centered on complying with the DOL fiduciary rule.

The survey also revealed that advisors are closely considering the market outlook. They said instituting a plan for their clients around the potential end to the bull market and communicating that plan to clients is a top priority.

Another top resolution is to reinforce the benefits of diversification with their clients as part of a successful, long-term investment strategy, SEI said.

As far as technology is concerned, advisors want to build integrated automated workflows to increase efficiencies for their practice.

“Financial advisors' top New Year's resolutions point to growth, as they typically do, but this year shows a difference in how advisors are looking to grow,” said John Anderson, SEI managing director and head of practice management services.