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In a recent study released by investment advisory firm Financial Engines, investors in retirement plans were found to want, among other things, both online and in-person advice from financial advisors.
The study, The Human Touch: The Role of Financial Advisors in a Changing Advice Landscape, which surveyed 1,000 full-time employees between the ages of 18 and 70 who participate in their employer's defined contribution plan, revealed the following five key findings.
- About half (54 percent) of 401(k) investors who don't already work with an advisor want to but have concerns, such as cost, insufficient assets, and uncertainty of how an advisor helps. Most of them (63 percent) prefer a âdo-it-for-meâ approach, while 44 percent want to do their own investing but were still interested.
Set aside opportunity to inquire as to whether there's anything about the house that could be a potential issue. | iStock.com/AntonioGuillem