Retirement Advisor: Why 38% Of Americans Rely On Financial Advisors (Podcast)

by: SA For FAs
Summary

According to a recent survey by the Transamerica Center for Retirement Studies, 38% of Americans use a financial advisor.

Respondents cite retirement investment recommendations, general financial planning and calculation of savings goals as the services advisors provide them.

But I don’t think this gets to the point of the value of an advisor is in the eyes of client. They can get all this on the internet, right?

Listen on the go! Subscribe to the SA for FAs podcast on iTunes, Stitcher and SoundCloud (click the highlighted links).

According to a recent survey by the Transamerica Center for Retirement Studies, 38% of Americans use a financial advisor, primarily for retirement investment recommendations, general financial planning and calculation of savings goals. But isn’t this all available free on the internet?

This podcast (3:55) argues that advisors’ greatest vulnerability – the free advice on the internet – is intimately linked to their greatest strength, the personal relationship which the internet cannot duplicate.