Survey From The College for Financial Planning Finds More Investors Turning to Financial Advisors as a Result of the Pandemic

A survey conducted by The College for Financial Planning®—a Kaplan Company finds financial advisors in greater demand after onset of COVID-19.

"The survey is telling us two important things," said Dirk Pantone, president of The College for Financial Planning®—a Kaplan Company. "There is a high level of confidence in certified investment advisors that is driving the demand for their services, and that financial advisor clients are not panicking and following the long-term plan set out by their advisor."

Survey questions

  1. Do you have more clients now than prior to COVID-19?
    Yes – 71%
    No – 29%

  2. Have clients postponed retirement as a result of COVID-19 and the current recession?
    No change – 71%
    Delayed – 17%
    Moving up 12%

  3. Do you see any concern regarding inflation in the coming year?
    No – 61%
    Yes – 31%
    Not sure – 8%

  4. If there is a change in the White House in January 2021, will this impact your investment advice to clients?
    No – 61%
    Yes – 39%

The survey of 209 financial advisors was conducted from August 25 to October 2, 2020.

This article originally appeared on Yahoo!


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