Fidelity

Fewer than half of advisors are happy at their current workplaces.

The switch is the latest in a series of billion-dollar moves so far this year.

The updates include access to the ultrahigh-net-worth portfolio management and customer relationship management systems.

Expense ratios were more than twice the industry average.

The products have benefited from the past decade of “economic expansion and bull market for risk assets,” one expert says.

Startup or low-AUM firms have options outside of the big four.

The firm's partnership with software issuer BondLink aims to expand access to aggregated issuer data.

Every advisor's route is different but one thing is certain — turbulence.