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Higher ed institutions hiring more retirement advisors

Forty-two percent of institutions surveyed say they already use an advisor or consultant, a trend that is expected to grow by 10 percent over the next year.

By Paula Aven Gladych | Updated on September 03, 2013

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.”

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