Planners Losing Ground for Affluent…

October 2006
Journal of Financial Planning;Oct2006, Vol. 19 Issue 10, p14
Academic Journal
The article states that a study by the Spectrem Group shows that affluent investors with $500,000 or more in investable assets are using full-service brokers instead of financial planners for their needs of financial services. Despite this fact, financial planners were ranked highest by rich people when asked how satisfied they were with their primary financial advisor. Investment advisors, investment managers, and accountants also lost ground to full-service brokers in the affluent sector of financial services.


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