Widows may not be so eager to boot their advisors after all. Across two big generational groups, a vast majority of women - 93% in the Silent Generation age group and 78% among Generation X - say they would stay with their current advisor, even after the death of a spouse or partner, according to a recent study by Russell Investments.
The research, which focused specifically on women with substantial assets who already work with professional financial advisors, runs counter to widespread reports that women will quickly dump their husband's advisors after being widowed or divorced.
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