Why 38% of Americans Rely on Financial Advisors

According to a recent survey by the Transamerica Center for Retirement Studies, 38% of Americans use a financial advisor, primarily for retirement investment recommendations, general financial planning and calculation of savings goals. But isn’t this all available free on the internet? This podcast (3:55) argues that advisors’ greatest vulnerability – the free advice on the internet – is intimately linked to their greatest strength, the personal relationship which the internet cannot duplicate.Learn more about your ad choices. Visit megaphone.fm/adchoices