SEARCH
More than four in five clients have high levels of trust in their financial planners, according to a new study by the Financial Services Council (FSC).
The study, supported by a grant from the Australian Research Council in partnership with the FSC, found 84 per cent of respondents reported high levels of trust in their adviser, and 80 per cent saying they are satisfied with their adviser.
It also found 80 per cent of respondents said they would recommend their adviser.
The research, titled ‘Funding our future: Perceptions of the value in financial advice’, was led by a team of researchers from the University of Adelaide, the University of Technology Sydney and the University of Western Australia.
FSC chief executive Sally Loane said: “The research findings, that show an overwhelming majority of clients are satisfied with their financial planner, goes to show there is fantastic work being done by the industry on a daily basis that goes largely unreported.
“To encourage more Australians to seek financial planning advice, we need to gain a better understanding of the value experience people get when engaging a financial planner.”
Read more:
Euro 'break-up' fears unfounded: AMP Capital
Sydney house prices likely to level out: Citi
Weakening yen could buoy Japanese equities
Coal prices set for readjustment
CFS hires responsible investment manager
Stimulate new ideas. Stimulate new thinking. Top up your CPD and hear from industry experts with InvestorDaily’s Knowledge Centre. Keep up to date with the latest trends and reforms, all while adding to your CPD. Explore the knowledge centre Knowledge Centre now.
The investment management group has downplayed its profit expectations ahead of reporting season but says it is “continuing to build on st...
Despite unemployment falling to pre-pandemic levels, the central bank still thinks it’s too early to count its chickens on the success of ...
The US Federal Reserve has taken its first steps towards raising interest rates as the domestic economy powers ahead in COVID recovery mode,...
Get notifications in real-time for staying up to date with content that matters to you.
Read More
