Coupled with the rise of self-directed trading, advisors aren’t just competing against rival firms, they’re competing against their own clients for wallet share. The EY report also found that:Some 45% of wealthy clients plan to move between 25% and 50% of their assets away from a current wealth manager in the near future. Clients are also getting more confident in their abilities to manage their finances or seek help beyond a sole advisor. “Many of our clients work with multiple advisors,” said Joon Um, a CFP with Secure Tax & Accounting. “We’re often the tax advisor working alongside their financial advisor or estate planning attorney.”