Trust in financial advisors is on the rise, according to a new Spectrem Group report. Wealthy investors believe advisors are more trustworthy than their attorneys and accountants and almost as trustworthy as their primary care physicians. “Affluent investors often carry the burden of sustaining and building their family’s wealth, sometimes for generations, which is why it is critical that their relationship with an advisor be built on trust,” said Spectrem Group President George H. Walper, Jr. Poor communication and lack of proactivity among advisors were the top reasons cited by investors from all wealth segments that would cause them to terminate their relationship.

 

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