We sent out our annual advisor's survey over the holidays. If the e-mail got lost in your inbox, take the time–10 minutes tops–to fill out the survey and earn a chance to win a $100 American Express gift card.
One of the questions we ask each year is, "What keeps you up at night?" As usually happens when I ask that question of our readers, the top response was "generating leads."
Other topics that charted include the economy and industry legislation. Interestingly enough, our respondents feel comfortable about their skills as advisors. A measly 1.3 percent said their competition keeps them up at night.
When asked to elaborate on the topic, we received some pretty interesting responses on what's giving advisors insomnia:
- Our government is not being truthful.
- Not seeing things improving in general. I am seeing foreclosures around my own neighborhood. My own clients are losing their state jobs, etc.
- Ongoing and/or fear of unemployment tends to paralyze people and prevents them from making important decisions about their financial futures.
- I am also worried about market valuations. The market is currently overvalued from our metrics, which leads us to believe market returns over the next seven to 10 years may be very tepid.
- Sleep apnea.
We also asked advisors if they had a securities license. Of those responding, 51 percent said they currently do while another 22 percent said they plan to get a license. Interesting food for thought.
Please remember to take the survey by Jan. 15, so we can add your input to the current content. We look forward to hearing from you.
© Arc, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to TMSalesOperations@arc-network.com. For more information visit Asset & Logo Licensing.