Close Close
Popular Financial Topics Discover relevant content from across the suite of ALM legal publications From the Industry More content from ThinkAdvisor and select sponsors Investment Advisor Issue Gallery Read digital editions of Investment Advisor Magazine Tax Facts Get clear, current, and reliable answers to pressing tax questions
Luminaries Awards

Financial Planning > Behavioral Finance

Survey: Consumers Slow To Act On Need For Advice

Your article was successfully shared with the contacts you provided.

NU Online News Service, Sept. 3, 10:09 a.m. – The recent stock market slump may have created a hidden market for professional financial advice, according to survey results from Harris Interactive Inc., Rochester, N.Y.

The researchers who conducted the survey, sponsored by Northwestern Mutual Life Insurance Company, Milwaukee, interviewed 1,000 U.S. “financial decision makers” in June. The participants came from households with incomes of $75,000 or more.

The researchers found that 31% of the survey participants reported feeling an increased need for professional financial advice, but only 64% of the participants who wanted to talk to a professional advisor had actually done so.


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.