Tag Archives: FA News

Clients Say Advisors Sometimes Undermine Their Trust In Them

While most investors trust their financial advisors, many say they’ve had an experience undermining that trust.

Trust is the axis upon which an advisor-client relationship revolves, and according to “Trust and Financial Advice,” a paper from Vanguard’s Center for Investment Research, most advisors seem to be doing a good job establishing and maintaining their clients’ trust.

In a recent survey sponsored by the Valley Forge, Pa.-based asset manager, eight-in-ten respondents gave their financial advisors a high trust rating. Yet one-fourth of the survey participants reported having had an experience that damaged their trust in a current or previous financial advisor.

Vanguard asked survey participants to rate their trust in their advisor on a scale from 0 to 10, with 10 representing the highest level of trust, and ratings from 8 to 10 representing high trust.

from FA News https://www.fa-mag.com/news/advisors-may-reap-the-rewards-of-nurturing-client-trust-35274.html

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Millennials Love ESG, Just Not As Much As Their Parents, Grandparents

Sustainable and socially responsible investing isn’t just for the kids, according to a recent Allianz Global Investors study.

In the AllianzGI ESG Clarity survey, investors aged 65 and older were more interested in environmental, social and corporate governance (ESG) investing than younger generations.

While ESG strategies are often pitched as appeals to young, affluent investors, 68 percent of the respondents aged 65 and older expressed favorable views towards ESG investing, compared to 59 percent of those aged 25 to 44. When asked whether ESG investing was a sound strategy, respondents aged 65 and up were more likely to agree than those who were aged 25 to 44.

The investors older than 65 years old reported strong engagement with ESG practices in their personal lives, with 81 percent actively expressing their views by staying up to date on issues important to them, using their views to guide their purchase decisions and contributing time and money to important causes.

from FA News https://www.fa-mag.com/news/millennials-love-esg–just-not-as-much-as-their-parents–grandparents-35256.html