Only 42% of couples who have advisors work with them jointly, according to a new Fidelity study -- and thats a problem, according to experts at the custodial operation. In the remaining 58% of couples, male partners manage the advisor relationship while their significant others dont participate.
If wives dont have that relationship, one on one with their advisor, what we are hearing from women is, I have no allegiance to that advisor, says Jylanne Dunne, senior vice president of practice management and consulting for Fidelity Institutional Wealth Services. Our bottom line is that is the big [challenge] for advisors is: They have to find a way to engage with [wives] directly.
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