17/06/2010
Investors stand by their financial advisers
According to a survey conducted by Fidelity Investments between 10 and 17 March of 350 investors and 217 financial advisors, investors have stood by their financial advisers and brokers since the low point in March 2009, as one investor out of five says that relations have significantly improved since then. The survey also finds that 70% of advisers estimate that relations with clients have improved in the past 12 months, compared with 38% in 2009. Advisors also say that the two major drivers of change in the next twelve months will be increased taxes and new regulations. The survey also finds that if there should be another financial crisis, more than one third of investors hope that their advisor will help them to make money, while 55% are expecting their adviser to help limit losses. For their part, 69% of advisers estimate that the priority of the client will be to limit losses, while only 24% see their mission as to improve profits.
