Sixth Annual Advisor Authority Study Reveals COVID-19 Top Threat to Success–and Technology Helps Protect Profitability During Pandemic
COLUMBUS, Ohio, Oct. 14, 2020 /PRNewswire/ — As the COVID-19 pandemic puts immense pressure on American business, driving record levels of unemployment and an increasing number of closures, advisors and financial professionals say their practices are not immune to the impact. Nationwide’s sixth annual Advisor Authority Study, powered by the Nationwide Retirement Institute, surveyed more than 1,800 advisors, financial professionals and individual investors to examine these pressures and reveal how advisors and financial professionals are using technology to adapt their firms and preserve profitability.
“When advisors and financial professionals think about the success of their practice over the next 12 months, they think about the impact of COVID-19—and we understand their concerns,” said Craig Hawley, Head of Nationwide’s Annuity Distribution. “However, by re-tooling with the right technology, advisors and financial professionals can continue delivering an exceptional client experience, retain current clients and attract new ones, ensuring their practice