One in three certified financial planners (CFPs) is receiving more incoming calls from potential new clients despite the extreme market conditions, an Institute of Financial Planning (IFP) study suggests.
The institute questioned CFP professionals on their views and the practices of their clients in the current global financial crisis, with 32.5% of respondents reporting an increase in calls. It says the need for quality professional advice is all the greater during turbulent times and this is reflected in the survey results, with 58% of CFPs also revealing increased communication with existing clients. Just over 83% report their clients are sticking with their longer term financial plans, rather than lapsing into "short-termism". Over 40% of respondents said clients were keen to take ...
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