‘Sense of security’ or ‘peace of mind’ has been rated by investors as the most important benefit brought by their relationship with their adviser, according to a global survey by Dimensional Fund Advisors.
In a global survey of nearly 19,000 investors conducted across eight countries titled Global Investor Insights, Dimensional Fund Advisors found that ‘investment returns’ was only considered by investors as the fourth most important value in their relationship with their adviser.
Investors rated ‘sense of security/peace of mind’ as the most valued benefit in their relationship with their adviser, followed by ‘knowledge of my personal financial situation’.
“Investors may attribute peace of mind to many aspects of their adviser relationship – and we believe that sense of security is an outcome of an adviser setting the right expectations,” Dimension co-chief executive and head of global financial services Dave Butler said.
According to Dimensional founder and executive chairman David Booth, peace of mind is “what success is all about”.
“Achieving returns in a way that enables people to relax just a little bit more is very important to us and also to investors,” he said.
Client service experience was the foremost important attribute of an adviser (31 per cent), with the second attribute being ‘experience with clients like me’ (26 per cent).
A Greens senator who was a key agitator for the royal commission has defended his reasoning in pushing for the inquiry, but conceded that it’s not c...
APRA’s sweeping changes to income protection policies are set to force more claimants back to work sooner, as the life insurance industry faces more...
The latest enforcement update from ASIC has noted that court cases brought by the regulator in the six months to December last year under its 'why not...