Advisors, Staffers Unhappy With Pay: FPA Study | ThinkAdvisor by Michael S. Fischer

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Most financial advisory firms make big investments in their teams, but still feel challenged to structure compensation and benefits packages that will both attract and retain talent, according to a new report from the Financial Planning Association and Financial Advisor IQ, a Financial Times news service.

It's a struggle many of them aren't winning. Only about a quarter of advisory firm employees are satisfied with their pay, and about a quarter plan to change jobs soon, the study found.

The study found that only 31% of firms thought their compensation plan was highly competitive with those of similarly sized firms, and that number dropped to 22% for their benefits package.

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