Some positive feedback for both institutional-level and individual retirement advisors: A new survey shows that investors feel more confidence in your trustworthiness than they do in larger financial firms. But they'd like a fiduciary arrangement, to insure that you really are putting their interests ahead of your own.
New research conducted by Cerulli Associates indicates that households show a considerably higher level of trust for their individual retirement advisors than they feel for individual financial companies, a holdover from the darkest days of the financial crisis.
Scott Smith, a director with Cerulli, says that recent surveys indicate that only a quarter of households believe that financial firms take investors' best interests into consideration when coming up with products or service options – and the numbers remained the same in both 2008 and 2012.
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
