An FSI survey shows independent advisers would retire before being classified as employee as the DOL mulls tens of thousands of comments on a proposed rule change.
High inflation is among the top concerns of retirement savers, but a new survey suggests financial advice can help boost confidence.
In light of the pandemic, at least 22 million Americans spoke with a financial adviser for the first time as many looked to make plans for retirement and end-of-life preferences.
It appears, according to a survey by Dalbar, that people put more faith in the advice of a human adviser.
However, they expect their adviser to be technologically savvy.
Nearly half of adults surveyed by Charles Schwab think that robo advice is the technology that will have the biggest impact on financial services.
A survey by OneAmerica indicates roadblocks in affording financial adviser services.
Men are saving an average of 8.9%, and women, 6.4%, PenFed Credit Union found in a survey
In addition, the use of online sources of information and advice is growing.