They are also not interested in robo advisers, preferring to work with financial professionals in person.
Tag: financial advice
When it comes to trusting a financial services firm, consumers first want it to secure their personal information; secondly, they expect it to deliver high-quality customer service.
They have also become more inclined to work with an adviser since the Great Recession of 2008.
They also believe having an adviser they can trust is important for their financial confidence.
Seventy-five percent of those with advisers say they are disciplined or very disciplined financial planners, relative to just 37% of those without an adviser.
Half of Millennials expect to retire with financial stability, although most admit they do not know how to successfully invest, PNC Investments found in a survey.
Cafaro Greenleaf is offering these services to address the financial needs of many of the participants in the retirement plans it advises.
Advisers are using new planning models and smarter technology, including automation, so that they can offer personalized service, SEI finds.
This includes 13% who do not plan to ever retire, according to the Transamerica Center for Retirement Studies.
The Tax Cuts and Jobs Act has also increased Americans’ appetite for equities.
The study also found that 56% of retirees who work with an adviser own an annuity, compared to 28% of retirees who do not work with an adviser.