CHART 8 | 17 Nearly half of the advisors are affiliated with consortia, while another 38% are affiliated with a host agency. As compared to the Distri- bution Outlook 2021, the share of consortia has declined from 52% in 2021 to 45% in 2022 (see Chart 8). The affiliation with the host agency rose during COVID, increasing by 9% since 2021. AFFILIATIONS MATTER AGENCY AFFILIATION BY TYPE 9% 8% 45% 38% Affiliated with consortium or a marketing group Affiliated with a host agency Affiliated with a franchise Unaffiliated