Financial planners surveyed by Aite Group believe that if all financial advisors are required to adhere to a fiduciary standard of care, then it will promote the profession, the Boston-based research company said in a report released Monday.
Fifty-one percent of financial advisors that have provided financial planning services to a majority of their clients anticipate an increase in that practice if the fiduciary standard is introduced universally. That figure is 16% more than their advisory peers who have been less active on the planning side.
Register or login for access to this item and much more
All Financial Planning content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access