An abundance of investment information on television, the internet and in newspapers has made it more difficult for financial advisors to retain their clients, according to a survey released by Phoenix Investment Partners of Hartford, Conn.
Of 100 advisors surveyed, 41 percent said that investment-oriented television programs have had a negative influence on their relationships with their clients, while 35 percent blamed newspaper articles, and 33 percent said financial websites and online research have been a negative influence, according to the survey.
