How Investors in Different Jobs Choose Their Financial Advisors

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Related: 12 Phrases That Alienate Clients (and 12 to Use Instead)

As part of its continuing research on advisor-client relationships, Spectrem Group recently addressed the question of how investor in different occupations value various traits in hiring a financial advisor.

To find out, Spectrem fielded a survey in April to which 786 people responded, all of whom had net worth ranging from $100,000 to $25 million, not including their primary residence. 

Respondents came from a variety of professions: educators; professionals, including accountants, lawyers and doctors; information technology specialists; senior corporate executives and managers; and business owners.

The results showed that some traits and characteristics of prospective advisors are important to all investors regardless of occupation — not surprisingly, honesty and trustworthiness. Other traits are much less important across all groups. In between, less agreement exists between investors on different career tracks about what is important in a financial advisor.

Check out the gallery to see how investors in five occupations rank the traits of financial advisors they are looking to hire.

— Related on ThinkAdvisor:

•  5 Questions Top-Performing Advisors Ask
• Wealthy Americans Reveal How They’ve Picked Advisors, Investments in the Pandemic
• What Advisors Should (and Shouldn’t) Learn From Jeff Bezos

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