The Great Recession may be over, but various research reports paint a vivid picture of the lingering effects. One telling example: Investors remain cynical about whether advisors have their best interests at heart. According to SEI's Future Wealth Report, 48% of respondents had no expectation of objectivity from their provider.
Overall, findings from the different surveys indicate three necessary attributes for success as an advisor: an ability to empathize with the client's feelings about their finances; having a specific plan for getting a client back on track from the recession; and the communication skills to convey that plan so clients can easily comprehend it.
Register or login for access to this item and much more
All Bank Investment Consultant content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access