More than a third of affluent investors are considering moving assets away from their primary institution, and 25 percent say they'll consider taking assets from their current advisor.
The Rebuilding Investor Trust study is a comprehensive market research study conducted by Northstar Research Partners, an MDC Partners Network Company (NASDAQ: MDCA) (TSE:MDZ.A), in conjunction with Sullivan, a leading communications strategy and design firm.
While affluent investors say their levels of trust have risen significantly since 2009 (across institutions in general and even more so for the specific firms and advisors they currently do business with), "The anger, disappointment and sense of betrayal that many investors felt in 2009 have greatly dissipated," says Jim Neuwirth, president of Northstar Research Partners. "Investors are still fearful they won't meet their financial goals but are no longer afraid to take more control and make changes."
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