38 | CHART 25 TRAINING NEEDS When it comes to selling a destination, nothing beats a personal experience. More than eight in 10 advisors said that FAM trips are their preferred training formats. The last few years have seen fluctuations in the preference for online and offline formats of training. That seems to have settled now with advisors finding value in the networking opportunities that in-person conferences and tradeshows present, but also the time saving qualities of virtual training. ADVISOR TRAINING: PREFERENCE BY FORMATS 85% 69% 69% 43% 32% 17% Fam trip In-person conference or tradeshow Virtual training One-day offsite training 2-3 days offsite training 4+ days offsite training