Can You Trust Your Own Financial Advice? | Advicent
Published: June 10 2015
Since the Great Recession clients have struggled to trust many in the financial services industry. As a result, transparency is now discussed everywhere; Clients are demanding it and regulators are pushing for it. From 401ks, to fees, to investment disclosures and financial planning—today’s clients want more information than ever before and have higher communication standards for the financial representatives they work with. We all know the saying “Sunlight is the best disinfectant” – but are you opening the windows to let in sunlight (i.e. transparency) in your practice? If you don’t, you’re letting the flaws of advisors from the past define your reputation for clients in the future.