The "SEI Advisor Network New Years Survey, A Look Back and a Look Ahead," includes a list of top "Resolutions for 2010," which leads off with, 1) "Touch clients, centers of influence more regularly;" 2) "Use technology to improve business;" and 3) "Stress less, get healthier."
The subjects of "retirement"--64%, "economic rebound,"--62% and "implications of the federal deficit"--57%--"dominate current conversations with client," advisors in the survey assert, according to the report. In addition, 70% of advisors surveyed have, "adopted a more holistic planning approach."
Clients must be getting the message that diversification matters: 81% "believe they are better off because of the diversification provided through asset allocation," the results say. One surprising attitude emerged from the survey, though. Three-quarters of the advisors surveyed said that clients don't "believe dollar cost averaging works." For more details from the survey summary, please click here.
Comments? Please send them to firstname.lastname@example.org. Kate McBride is editor in chief of Wealth Manager and a member of The Committee for the Fiduciary Standard.