Meanwhile, 84% said the difference between product providers and advice providers should be clearly defined, reports AdvisorOne.
The Fi360-AdvisorOne survey included registered reps, RIAs, dually registered advisors and insurance producers.
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In a recent survey, 72% of advisors say they believe terms such as “advisor,” “consultant,” and “planner,” each imply that a fiduciary relationship is in place.
Meanwhile, 84% said the difference between product providers and advice providers should be clearly defined, reports AdvisorOne.
The Fi360-AdvisorOne survey included registered reps, RIAs, dually registered advisors and insurance producers.