Although two years has passed since the equity market bottomed out under the financial collapse, financial advisors and baby boomers polled by MetLife are still concerned about market volatility.
But the numbers suggest that financial advisors are doing a lot more thinking about the issue. In the study, “Market Volatility Poll,” 88% of advisor respondents believed volatility in their clients’ retirement accounts raised concerns about retirement and financial security. Just 56% of baby boomers felt the same way. The study was released on April 11. Harris Interactive polled 1,038 baby boomers and about 500 financial advisors in early February.
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