Millionaires Value Independent Advisors…

June 2007
Journal of Financial Planning;Jun2007, Vol. 20 Issue 6, p14
Academic Journal
The article discusses a survey by Fidelity Registered Investment Advisor Group that reveals that although only one-fifth of millionaires use independent financial advisors, more than half of that demographic's investable assets are with independent advisors. Wealthy people surveyed stated that they use an independent advisor because they focus on client interests rather than the interests of the firm, are objective, and do not push a firm's products. Many of the people surveyed had at least two advisors.


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