Portfolio management was ranked the no.1 priority for advisors, according to the 3rd quarter Fidelity Advisor Investment Pulse Survey.
“As advisors continue their focus on protecting clients from a possible market correction and downside risk, they should consider long-term and diversified strategies for portfolio construction,” said Bob Litle, head of intermediary sales, Fidelity Institutional Asset Management. “Given the challenges and complexity of today’s environment, advisors who have a consistent approach in making investment decisions with their clients have the potential to create efficiencies in their practices and help investors reach their goals.”
Advisors are seemingly growing less concerned with factors they cannot control.The no. 2 priority was tied between concerns about market volatility and the equity market level. Attention to the government and economy dropped to no. 4 after ranking no.1 for the past four quarters.
The Advisor Investment Pulse is a quarterly survey of Fidelity Institutional Asset Management advisor clients. All Fidelity Institutional Asset Management advisors clients in the broker-dealer and registered investment advisor communities were asked to respond via online to survey. In the 3rd quarter study, 123 advisors participated.