Increasing numbers of higher education institutions are seeking the services of financial advisors and consultants, but they are looking for more of a personal touch.
Forty-two percent of institutions surveyed say they already use an advisor or consultant, and this trend is expected to grow by 10 percent over the next year, according to Transamerica Retirement Solutions' report, "Retirement Plans for Institutions of Higher Education."
The study focused on institutions with either a 403(b) or Roth 403(b) plan, which represents 96 percent of higher education institutions.
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