One in four financial advisors expect clients to increase charitable giving to offset anticipated tax hikes, but only 52% of advisors proactively offer charitable planning advice to their clients, according to a survey released Wednesday by the Fidelity Charitable Gift Fund.
The 2010 Fidelity Charitable Gift Fund “Advice & Giving” online survey, which was conducted between May 21 and 26 with 503 financial advisors, found that 87% of financial advisors expect income taxes to increase for most of their clients in the next 12 to 18 months and 26% anticipate that clients will increase charitable giving as a result. In addition, 48% of advisors expect their clients to maintain their level of giving despite market uncertainty. Yet only 52% of financial advisors proactively offer charitable planning advice even though 63% believe clients would be interested in it.
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