Other survey respondents said they don’t think they have sufficient assets to warrant having an advisor, while others say they believe they can do a better job than advisors or that they cannot afford fees.
Estimated reading time: 0 minutes, 24 seconds
Many Self-Directed Investors Don’t Trust Advisors
Among investors with net worth between $100,000 and $1 million who do not use investment professionals, 36% say they believe advisors won’t look out for their best interests, according to a Spectrem’s Millionaire Corner survey. So reports Millionaire Corner.
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