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While the population ages and more people consider their retirement, the ability to manage funds properly is in question. Most people don't follow their mutual funds or stocks carefully enough to make the day-to-day decisions needed to ensure resources last well into retirement.
That's where financial advisors play a role. A new Morgan Stanley At Work survey shows that financial advisors deliver a peace of mind when it comes to oversight in investment management. Twenty-seven percent of plan sponsors report this peace of mind as a motivating factor for onboarding financial advisors. Once onboarding occurs, a whopping 93% of plan sponsors agree that the financial advisors support in regulatory matters is valuable.
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