09.02.22
Overconfident, Underinformed Americans Prefer Amateur Advice
by: Joanne Cleaver
A survey conducted by YouGov found that financial advisors are in a three-way tie with the Internet and “no one” as the go-to source of financial information. “The only time we see greater trust in advisors is when people are in extreme situations, such as when they are overwhelmed by debt, but when it comes to making financial decisions about the future, they trust people like themselves,” said Emma McInnes, global sector head of banking and finance with YouGov. “There’s a perception that financial advisors only work with people with more money than me, and that’s a disconnect.”
Read the full article on InvestmentNews