Affluent investors are selecting and retaining advisers on the basis of performance, according to a study released Monday by Fidelity Investments.

Half of the 510 affluent investors in Fidelity’s nationwide "Wealth & Advice" survey said portfolio performance is more important than a relationship with an adviser.

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.