When people don't turn to financial advisors to help them make retirement plans, it's mostly because they believe they can do it themselves, according to research by The Insured Retirement Institute.
Seventy-one percent of investors surveyed, a majority, said they were go-it-alone investors. Only 21 percent of investors cited cost as a barrier to hiring a financial advisor and 16 percent said that trust was the major impediment.
The Insured Retirement Institute conducted a survey of 800 investors with at least $25,000 in investable assets in February 2014 trying to determine what types of conversations clients were having with their advisors.
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