Investors with advisors are financially still a tad more optimistic than those without. (Photo: Shutterstock)
Market volatility is weighing on both investors and advisors, says a new report, but volatility could be the key to investors seeking more professional advice over the next 12 months.
That's according to the Nationwide Advisory Solutions' fifth annual Advisor Authority Study Special Report, “Safe Havens in an Uncertain World,” which finds that 56 percent of RIAs and fee-based advisors anticipate that market volatility will rise over the next 12 months. Uncertainty is contributing to a fall in optimism among both investors and advisors, and that's the first time in four years that both have fallen prey to a bleaker outlook.
With uncertainty the driving force, the report adds, the number of investors who say they have an advisor is increasing, up 11 percentage points in four years from 2016's 51 percent to 2019's 62 percent.
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Marlene Satter
Marlene Y. Satter has worked in and written about the financial industry for decades.
