In the wake of bank bailouts, ponzi schemes and devastating hits to most investors' portfolios through much of 2008 and 2009, financial advisors understandably developed a bit of a self-confidence issue that to this day prevents some of the best wealth managers in the industry from really connecting with investors who need their advice now more than ever.
While the entire financial services industry simultaneously bemoans and braces for more oversight and regulation, advisors out in the field have to do a better job of understanding and articulating the difference between independence and objectivity when it comes to dispensing investment advice to existing and prospective clients, according to a new research report released this week by SEI.
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