The Top 5 Reasons Clients Hire a Financial Advisor ✅

What We're Showing

This graphic shows the top reasons clients hire a financial advisor, based on data from Morningstar. The insights were drawn from a survey of 312 participants.

Key Takeaways

• While financial factors played an important role in hiring decisions, emotional reasons made up the largest share of total responses. 
• This illustrates that clients place a high degree of importance on reaching specific goals or needs, and how an advisor communicates with them.
• Moreover, clients seek out advisors for behavioral coaching to help them make informed decisions while staying the course.