In a recent survey by Cowden Associates, 25% of defined contribution plan sponsors reported not having an investment policy statement (IPS).
A Cerulli study says the role of financial planning is becoming more important in client relationships.
Close to three-quarters of women who are very confident about retirement savings have the help of a professional adviser, a study by Prudential says.
A new Spectrem Group survey of large 401(k) plan sponsors found the sponsors are looking for advisers expert in a particular service and will bring on more than one if they need to.
After months of research, informal talks with vendors, and not a few inquiries to a few “trusted advisers,″ just before Christmas, we finally made our decision.
The past year has brought with it an extraordinary amount of change to our industry.
Referrals and a need for reassurance that savings will last through retirement are the main way and reason clients come to a financial adviser.
People want financial guidance in planning for retirement and they want their adviser to tell them what they should do, but they want to retain personal responsibility for what they choose to do with that guidance.
More than three-quarters (85%) of participants in 401(k) and other defined contribution plans say they would use general retirement planning services if available.
Most investors still do not understand the difference between stockbrokers and financial planners.
When it comes to social trust, there's a significant difference between living in the city and the country - it's just not entirely clear why.
The main reasons millionaires turn to financial advisers are to get a recommendation from a trusted person, to reach a certain level of wealth, and to start planning for retirement.
Although a majority of women (72%) say retirement is their primary investment goal, almost half of them (48%) do not participate in a retirement savings plan and 60% said they have not taken the necessary steps to prepare for retirement.
The majority of workers polled by AllianceBernstein admitted they are unprepared or reluctant to monitor and manage their retirement plan investments.
Approximately half (51%) of women who work with a financial adviser consider themselves “very financially secure″ in their current situation, while only 31% of those without an adviser agree.
Many Americans may be leaving their retirement savings program on auto pilot, but a majority responding to a recent survey was certain of one thing: they wanted to make basic savings decisions without the government doing it for them.
Connecting with baby boomers while they are still in their working years is critical to establishing relationships for advisers, according to the third annual Lincoln Long Life Survey of baby boomers released by the Lincoln Retirement Institute.