63 percent of respondents said protecting financial assets is more important now. Some 45 percent said protecting assets will remain a priority.
The firm was ordered to pay $371,000 in damages and fees to clients who said its Yield Enhancement Strategy was inappropriately presented as low risk
That difference in stress levels was attributed to greater levels of strain on work-life balance and in protecting children and elderly relatives.
Cerulli Associates has a word of caution for advisors who are thinking of switching firms: it may be riskier than you expect.