Like a bad car wreck, advisors can't seem to shake what they've seen in the latest market meltdown. What's worse, they don't want to talk about it with their clients.
One recent MetLife survey shows advisors are very worried about market volatility, maybe even more so than their baby boomer clients: 88 percent of advisors said that seeing volatility in retirement accounts raised clients' concerns about retirement and financial security, but only 56 percent of Boomers said the same.
Yet another survey by the Bankers Life and Casualty Co. Center for a Secure Retirement showed advisors are not reaching out to middle-income Americans, but choose to cater to the wealthy: CSR's study found 51 percent of middle-income retirees and pre-retirees (those with incomes between $25,000 and $75,000) had not been contacted by a retirement professional in the past 12 months.
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
