Nine in 10 IFAs believe the positive long-term relationships they have with their clients will be unaffected by the negative fall-out from the credit crunch, according to new research from Sesame.
Although 60% said the current economic turmoil would cause short-term problems, they believed client relationships would remain strong. The survey also found 86% of advisers believe clients will value their services more as the economic situation worsens. However, confidence amongst advisers has fallen with only 57% agreeing there would be a strong demand for financial advice over the next 12 months compared to 66% in 2007. Stephen Young, sales and marketing director at Sesame, believes this is an encouragingly high percentage in the current market conditions. "It is testament to th...
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