When it comes to financial investing, people prefer to be counseled on the matter in a way that affords them privacy and the upmost attention.
According to a recent study from TIAA-CREF, a majority of Americans (55 percent) prefer to receive one-on-one financial advice from an advisor. Much of the public’s need for such service is attributable to trust, which can be a barrier for individuals seeking financial advice.
In it’s second annual Financial Advice Survey, the financial services organization found that 50 percent of workers say it’s hard to know what sources they can use or who can be trusted to provide advice. TIAA-CREF suggests employers provide employees with access to financial advice throughout their careers, allowing employers to build trust and loyalty, retain talented workers and reinforce the importance of financial planning.