As well, discussing fee structures with clients leads to a dramatic jump in the percentage of investors who feel they understand what they are being charged
Implementing strategies that reduce your client’s tax liability and reduce their professional advice fees are just as valuable as investment returns, argues Scott Welch
However, the report is not recommending a return to commission-based advice
With investors having more options for financial advice than ever before, it’s critical that advisors are aware of the major deal-breakers that could cause clients to switch firms
One puzzling finding of the research is that many clients do not believe that they are paying for their advisors' services
Advisors will also need to use technology to improve productivity and free up time to spend with clients, survey finds
Study finds that those who experience financial stress and lacking in confidence are less likely to seek financial help
Advisors need to be aware of clients in the “switch zone”
Manulife Bank report reveals that those who work with a financial advisor are in better financial shape and better prepared to deal with an unexpected expense
New research released in the lead-up to Financial Planning Week