Once again proving the adage about leading horses to water, just 23 percent of U.S. workers report they have sought investment advice from a paid financial professional. And of that portion, only 27 percent claimed they followed the advice entirely, according to a study from the Employee Benefit Research Institute.
The figures came in slightly higher for retirees, with 28 percent seeking advice and 46 percent acting on the advice.
ERBI's 2013 Retirement Confidence survey considered "paid advisors" any professional financial advisor paid through fees or commissions.
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