Forty-six percent of investors said they trusted financial services companies less in 2010, according to the second annual Edelman “Trust in U.S. Financial Services Survey.”

Of these investors, 57% said financial services companies “acted in a greedy manner,” and 18% said the “industry itself has made the problems worse.” The survey was conducted among investors with household incomes of at least $50,000 and at least $10,000 of investable assets.

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.