More than a third of affluent investors are considering moving assets away from their primary institution, and 25 percent say they'll consider taking assets from their current advisor.
The Rebuilding Investor Trust study is a comprehensive market research study conducted by Northstar Research Partners, an MDC Partners Network Company (NASDAQ: MDCA) (TSE:MDZ.A), in conjunction with Sullivan, a leading communications strategy and design firm.
While affluent investors say their levels of trust have risen significantly since 2009 (across institutions in general and even more so for the specific firms and advisors they currently do business with), "The anger, disappointment and sense of betrayal that many investors felt in 2009 have greatly dissipated," says Jim Neuwirth, president of Northstar Research Partners. "Investors are still fearful they won't meet their financial goals but are no longer afraid to take more control and make changes."
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Critical BenefitsPRO information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
- Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events
- Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
