A full one-third of affluent investors don’t have financial advisers, according to Phoenix Investment Partners’ Seventh-Annual Wealth Survey. The study also found that about half of those who get investment advice say they receive help with asset allocations, while 47% noted that they get retirement-planning assistance and 33% are offered tax-planning help. Clients, says Phoenix VP Walt Zultowski in an Investment News interview, are looking for an adviser with a planning approach and once they find a person, they are very loyal to them.” Nearly all respondents say they want to assure a comfortable standard of living by the time they reach age 57.
