“Americans are changing who they turn to for financial advice”
August 30, 2021
“About 26% of Americans say their most trusted source for financial advice this year is a financial advisor, according to a recent survey conducted by The Harris Poll on behalf of Northwestern Mutual. The survey includes responses from over 2,300 individuals.
That’s a change from last year, when 30% said their most trusted source for financial advice was themselves. This year, only 20% say that they trust themselves the most. After professionals and themselves, the most common people Americans trust for financial advice are their spouse or partner (16%) and a family member (13%).
Overall, the survey finds that the value of professional advice has increased in the last year, Tim Gerend, executive vice president and chief distribution officer at Northwestern Mutual, tells CNBC Make It...”
https://www.cnbc.com/2021/08/28/americans-are-changing-who-they-turn-to-for-financial-advice.html