Financial advisors who outsource some or all of their investment activities reap the benefits, according to a survey by Northern Trust.
Seventy percent of those who outsource investment management say their decision was greeted positively by clients and in most cases has led to business growth.
The vast majority of advisors, 92 percent, said their clients responded positively when they initially heard the firm had decided to outsource and 80 percent reported that they didn't lose any clients because of outsourcing.
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