The survey of 1,500 adults found that 30% of consumers have a paid financial advisors, with the most people most likely to pay advisors being those with incomes over $100,000 (55%), college students (41%) and men (35%).
When the survey questioned people who don't have a financial advisor, it found that a lot of people prefer to be do-it-yourselvers. "Of this group, 57% said they prefer to manage their money themselves, while 33% believe it’s too expensive and 25% don’t think they have enough invested assets," the survey report said.
More details at FA-mag.com
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