Investors want peace of mind from advisers

financial-planning/Dimensional/

28 September 2017
| By Hope William-Smith |
image
image
expand image

Sense of security and peace of mind are the single most valued relationship benefits to having regular contact with a financial adviser, according to a report from investment firm Dimensional.

When asked what respondents consider the most important benefit of an adviser/investor relationship, 35 per cent in Dimensional’s study of investors in Australia, New Zealand, Canada, the USA and Europe cited peace of mind.

The survey also found knowledge of personal financial situations was the second most appealing benefit (23 per cent), followed by progression toward financial goals (20 per cent). These all ranked ahead of getting better investment returns with the extra help of professional advice.

Dimensional co-chief executive and head of global financial services, Dave Butler said advisers should not underestimate the power of close client relationships.

“When investors work with an advisor who has a holistic understanding of their personal situation and can help them stay focused on their long-term goals, we believe they are better positioned to benefit from what the capital markets have to offer,” he said.

The survey ranked the responses of 19,000 financial advisers.

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

So we are now underwriting criminal scams?...

2 months 3 weeks ago

Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...

2 months 4 weeks ago

Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...

5 months ago

ASIC has suspended the Australian Financial Services Licence of a Melbourne-based financial advice firm....

2 weeks 1 day ago

The corporate regulator has issued infringement notices to three AFSLs whose financial advisers provided personal advice to a retail client while unregistered....

2 weeks 6 days ago

ASIC has released the results of its first adviser exam to be held in 2025, with 241 candidates attempting the test....

3 weeks 4 days ago

TOP PERFORMING FUNDS

ACS FIXED INT - AUSTRALIA/GLOBAL BOND