FRC surveys the full spectrum of financial advisors to understand how the dramatic changes taking place in the financial services industry are affecting their business and changing the demands they make on asset managers and manufacturers. The report provides specific metrics around movement of advisors among channels, the impact of investment environment on their investment selections, and which of the newly released investment vehicles are deemed long-term opportunities or simply fads. FRC looks deeper into the evolving role of the financial advisor and interpret its impact on distribution efforts. This report provides the backdrop for marketing, products, and distribution efforts.