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More Americans Using Financial Advisors, Want Advice to Be in Their Best Interest
Certified Financial Planner Board of Standards Link to more items from this source
Sept. 25, 2015

"Consumer use of financial advisors has increased significantly in the last five years from 28 percent in 2010 to 40 percent in 2015 ... 9 out of 10 Americans agree (with 76 percent strongly agreeing) that when they receive investment advice from a financial advisor, the person providing the advice should put the consumers' interests ahead of theirs and should have to tell consumers up front about any conflicts of interest that could potentially influence that advice.... Although more people use financial advisors, a majority (63 percent) believe that current laws do not do enough to protect consumers from being taken advantage of in the financial markets."

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