Financial Advisors Today

More from OnWallStreet.com, Danny Sarch, “Evolution of Wealth Management”:

[pullquote]Financial advisors consider themselves the caretakers of their clients’ financial lives and see themselves as fiduciaries, putting clients’ interests ahead of their own[/pullquote]

“Advisors today have evolved into much more than just salespeople. Many will state without hesitation or equivocation that they consider themselves the caretakers of their clients’ financial lives and see themselves as fiduciaries, putting clients’ interests ahead of their own.”

“With firms’ reputations diminished because of the financial crisis, a more skilled and experienced advisor population has emerged, and the ties between advisors and clients, at the expense of their firms, have never been stronger. With advisor confidence at an all-time high, there are those looking to move, usually driven by three primary motivations:

1-They want to take equity out their practice in the form of upfront money;

2-They are seeking a change in culture; and

3-They are seeking independence.”

Sarch believes these motivations will remain constant over the next several years.

Read the article.