As of 2022, the majority of investors perceived transparency around costs and fees as the most desirable characteristic when maintaining a trustful relationship with their financial advisor. This was followed closely by the ability of financial advisors to safeguard investors' data.
Leading trust factors in an investor and financial advisor relationship in 2021
3,588 retail investors and 976 institutional investors from 15 markets worldwide were surveyed. Participants ranged in age from 25 years to over 65 years old.
Respondents could select up to three items.
The majority of participants came from the U.S. (651 survey participants).
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CFA Institute. (April 18, 2022). Leading trust factors in an investor and financial advisor relationship in 2021 [Graph]. In Statista. Retrieved December 18, 2024, from https://www.statista.com/statistics/1249693/desirable-features-of-financial-advisors-us/
CFA Institute. "Leading trust factors in an investor and financial advisor relationship in 2021." Chart. April 18, 2022. Statista. Accessed December 18, 2024. https://www.statista.com/statistics/1249693/desirable-features-of-financial-advisors-us/
CFA Institute. (2022). Leading trust factors in an investor and financial advisor relationship in 2021. Statista. Statista Inc.. Accessed: December 18, 2024. https://www.statista.com/statistics/1249693/desirable-features-of-financial-advisors-us/
CFA Institute. "Leading Trust Factors in An Investor and Financial Advisor Relationship in 2021." Statista, Statista Inc., 18 Apr 2022, https://www.statista.com/statistics/1249693/desirable-features-of-financial-advisors-us/
CFA Institute, Leading trust factors in an investor and financial advisor relationship in 2021 Statista, https://www.statista.com/statistics/1249693/desirable-features-of-financial-advisors-us/ (last visited December 18, 2024)
Leading trust factors in an investor and financial advisor relationship in 2021 [Graph], CFA Institute, April 18, 2022. [Online]. Available: https://www.statista.com/statistics/1249693/desirable-features-of-financial-advisors-us/